Having more than 7 Billion Shares and Options is not the way for a Junior Explorer. More Capital Raising in Future will make this stock a Untradable Parcel. Share Consolidation is MUST to gain market respect. Why ?.
1) It improve tradable liquidity as human reason why companies are listed on ASX.
2) It Attract big fellows(INSTO). Currently DMN have None at all.
3) It helps to put company in "All ORD". Liquidity is main criterion.
4) It brings share price to some respectable level. I don;t think 0.003 is a respectable level.
5) It bring "Respectability to Company. No body calls THX as penny despite being a pure explorer.
6) Perfect level is around 600 Million Shares at any given time.
Else you end up like IMI, AXM or RFT, basically Untradable Parcels. AXM Market cap is 56 Million 5.6 Billion Shares Only. It hardly trades.
Some one gave an example of EGO. Well EGO is penny stock since ages. I don;t think that is any mater of being proud.
(THX is best case. Explorer but trades each day both way with good liquidity).
DMN Price at posting:
0.3¢ Sentiment: LT Sell Disclosure: Held
