FML 2.70% 18.0¢ focus minerals ltd

I think it will encourage trading as presently if I am tempted...

  1. 12,259 Posts.
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    I think it will encourage trading as presently if I am tempted to buy I need to pay 0.7cents. So if I buy today and change my mind and sell again I can only receive 0.6cents a loss of 14%. This immediate 14% loss is a barrier to entering the stock at 0.7cents. On the 1 for 50 consolidation, with all things being equal, shares should trade at 34-35cents. If the bid and offer are say 1cent apart, the barrier to taking the offer is only an immediate loss of 2.8%. This encourages trading as the risk of suffering an immediate 14% loss is reduced substantially not to mention if the price moves against you and you find the buyers at 0.5cents, you've made a 28% loss. In the consolidated share case a 2cent move either way is a 5.6% change. Far more comfortable for investors. In any case the Chinese hold the lions share, it is a done deal, so you better plan for it.

    Eshmun
 
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Last
18.0¢
Change
-0.005(2.70%)
Mkt cap ! $51.58M
Open High Low Value Volume
18.5¢ 18.5¢ 18.0¢ $8.256K 45.41K

Buyers (Bids)

No. Vol. Price($)
1 5408 18.0¢
 

Sellers (Offers)

Price($) Vol. No.
19.0¢ 85181 3
View Market Depth
Last trade - 14.07pm 29/03/2024 (20 minute delay) ?
Last
18.5¢
  Change
-0.005 ( 0.00 %)
Open High Low Volume
18.5¢ 18.5¢ 18.5¢ 5135
Last updated 11.59am 29/03/2024 ?
FML (ASX) Chart
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