Brett, BHP got 3 billion shares on offer and nobody complains. Consolidation may help an income producing stock but not IMU at this stage. Investors look at MC to decide, traders at the sp and liquidity to trade. I heard similar comments like yours for ages, trust me it won't help the sp. Company performance improvement is what drives the sp, consolidation can go either way. Look how it destroyed AHZ, VMT, LPE, PEN for example. Lacking sufficient income and consolidation turns ugly.
Trust me, consolidation now would destroy the sp even more. The current low sp is caused by market not interested in IMU due to lack of understanding. I bet you wouldn't even think about consolidation if sp was 4c.
GLTA
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Last
3.8¢ |
Change
-0.001(2.56%) |
Mkt cap ! $386.7M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.9¢ | 3.8¢ | $134.8K | 3.498M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 1738258 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 494405 | 4 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| IMU (ASX) Chart |
