MPJ
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0.00% 0.0¢ mining projects group limited

"imho, more than happy to be proved wrong, but way too many...

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  1. vendor
    6,059 Posts.
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    01/03/16
    15:05
    Post #: 17156056
    "imho, more than happy to be proved wrong, but way too many shares on issue for the sp to be rocketed into outer space on news."

    Shares on issue is no problem, it is the Market cap that matters!!

    If the company is valued at $10M and they make a find and it re0rates to $100M the price goes up x10

    The argument of shares on issue has no real validity as it represents one component of the market cap!

    Cheers
    MPJ Price at posting: 0.6¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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