Post by
iRobot on Aug 25, 2016 2:14pm
Reverse slit AUE share.
AUE has to many shares at stamp price. This gives a swing that is 8-10% on each 5 cent step change. That is bad for trade. Reverse split the share 100 to 1 or 1000 to 1 and get a more stable share price.
Comment by
Dontshortcxr on Aug 26, 2016 12:37am
Right you are a reverse split is in the cards I believe in the new year only way to get a share price that is attractive to investors
Comment by
simmosimosa on Oct 02, 2016 3:20pm
1000 to 1 is ludacris, would leave just over 6 million shares in the registry. Surge in POG and continued positive news flow and we will be seeing great things to come without a split. Many miners on the ASX have no trouble rocketing their SP with over half a billion outstanding.
Comment by
simmosimosa on Oct 02, 2016 3:21pm
100 to 1 sorry, let alone 1000!
Comment by
Trallalainvest on Oct 03, 2016 12:56pm
agree lets see what next q has in store for us. we didnt have any shutdowns as far as im concerned like last q. We should be set up good to get in before release.
Comment by
iRobot on Oct 04, 2016 2:58am
Well without a reverse split the share will stay on a ridiculously high percentage swing on trade steps and no one with there right mind will buy such a share. It sure would be better to have sound investment in a share with less swing! Putting money on stamp priced shares is for lottery buyers!
Comment by
simmosimosa on Oct 04, 2016 2:10pm
If the fundamentals are there and there is interest then investing in a stamp priced stock can be incredible. Just depends your motives, are you trading the stock for quick return or investing for the longer tern fundamentals? Reverse split exposes the share price unnecessarily at times