KBL 0.00% 0.1¢ kbl mining limited

Current Price, page-2

  1. 2,689 Posts.
    lightbulb Created with Sketch. 39
    Mrjesto

    Depends! If KBL does share consolidation (eg 10 shares = 1 new share) than share price can fall below 0.1c, because 10:1 consolidation share will start at 1c (you own 10X less number of shares, but share price is 10X higher so no net gain). Once start new share at 1c than it is possibly to fall 0.9c, 0.8c etc.

    Look at CCC... I think their board said how wonder their project is... print shares... consolidated... print shares.... consolidated... total I think it was about 1000:1 consolidation.

    If doesn't consolidate, it is possible you may not able to sell your shares. Look at AYI, 170m shares for sale at 0.1c no buyer.

    Don't forget IMHO a lot of buyers at 0.1c are really taking a bet and hoping to sell at 0.2c (ie DOUBLE your money). So 500m+ share buy orders at 0.1c, once filled than you might get 500m+ sell orders at 0.2c.

    Another way of looking at this, if you buy at 0.2c you're helping someone to double their money (if they bought at 0.1c)... ie giving away your money.

    It is entirely up to you.

    Good luck!
 
watchlist Created with Sketch. Add KBL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.