The current number of shares on issue is over 2 billion & the current SP is 0.001 cents.
The only way forward for CUL is a 50 for 1 consolidation, making the temporary SP = 5 cents. Followed by a CR @ say 4 cents.
This would only work if prior to this move, they promptly did some extensive drilling & found something worthwhile.
Otherwise we would very quickly head back down to a SP of 0.001 cents again and be 10 times worse off than we are now.
I am not holding my breath on this one.
PS. Good to see the reduction in board members but IMHO too little too late. Cheers.
Ann: Quarterly Cashflow Report, page-5
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.160M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 4608456 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 135000 | 1 |
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| Last trade - 16.12pm 15/11/2024 (20 minute delay) ? |
| CUL (ASX) Chart |
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