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why in 2 weeks and not now haha
petee said:ok whatever..yes sure ive lost money on trades..im not perfect like some of us..but 350,000 PDN bought at .12 and sold 4.08 average aint bad and 500,000 AGS bought .055 sold .67 makes up for some other losses..lets not predict how much ive lost now..facts are this down this morning..can we have proper educated predictions rather than guesswork
Freeballinginawetsuit said:Just read this one!. Your'e a millionaire then Petee!,.hmmm
nathywally said:Just after reading this thread, I have figured out I have alot to learn. not sure weather to keep holding now or look for better oportunities elsewhere. this stock has suddenley left me a little confused hhmm...
nathywally said:Just after reading this thread, I have figured out I have alot to learn. not sure weather to keep holding now or look for better oportunities elsewhere. this stock has suddenley left me a little confused hhmm...
cathers_420 said:looks like EXT is dropping on low volume, not looking as strong as what you thought.
it is obviously not a large amount of sellers driving the price down now, its drifting down on low volume.
i think this stock could plummet down to 3cents and jemma would read into it that it is excellent news, a formation of some sort waiting for confirmation to rebound.
cathers_420 said:i already sold my whole holding and bought into JML right before increase. i bought back in to EXT two days before ann sold on spike. the money i took out of EXT has already made more on other stocks.
yea agree Chris but not necessarily for ur reasons..attracting real investors sure but the main reason would be to raise decent amounts of working capital cash thru share placements..hence if a 1new share for 5existing sharesconsolidation then new price mayb 30 to 40.obviously then 1million shares become 200K. this all hypothetical tho and problem with that is as usual happens the new share price just drifts back as well creating many poorer shareholders and not much else..anyhow ill wait for the consolidation on a 1 for 10 or even 1 for 50..good luck punterschris1983 said:Extract needs to consolidate its shares 5:1. This will stop the day traders and price fluctuations and attract real investors.
petee said:yea agree Chris but not necessarily for ur reasons..attracting real investors sure but the main reason would be to raise decent amounts of working capital cash thru share placements..hence if a 1new share for 5existing sharesconsolidation then new price mayb 30 to 40.obviously then 1million shares become 200K. this all hypothetical tho and problem with that is as usual happens the new share price just drifts back as well creating many poorer shareholders and not much else..anyhow ill wait for the consolidation on a 1 for 10 or even 1 for 50..good luck punters
well this is how mining companies raise cash IGO..coz once the price higher from consolidation of shares then they can pace shares at a discount to market to investors..it means simply that they can raise more cash with less placement of shares...but unfortunately its a viscious cycle..trust me ive seen it..nothing to do with less traders..thats irrelevent..share consolidations are only done primarily to reduce the shares on issue and raise capital..the other reason is to make the company more attractive to potential investors..with EXT they have to do this otherwise they raise piddly amounts of cash and end up with more shares than BHP lol..anyhow looks like this one will close a bit weaker on close..IGO4IT said:it doesn't solve any problem.....lesser shares means that smaller traders will have to buy less shares for their money, so instead of ordering to buy 100k of shares you'll order only 20k.....how will that solve any problem?
less shares doesn't in anyway mean less traders, to minimise traders, company needs to have solid projects so that investors (not traders) will be the ones taking all shares & not selling for small profit, which imo is in process now with EXT, once production starts & company starts to pay dividends then investors seem to stick to their investment as it adds value thru increased SP & hopefully increased dividends.
LOL Catherscathers_420 said:looks like EXT is dropping on low volume, not looking as strong as what you thought.
it is obviously not a large amount of sellers driving the price down now, its drifting down on low volume.
i think this stock could plummet down to 3cents and jemma would read into it that it is excellent news, a formation of some sort waiting for confirmation to rebound.
LOL come on Cathers...its not the flag formation...its maybe the cup and handle or is it the tea leaves?petee said:LOL Cathers: well all jokes aside maybe 3cents isnt out of the question..look what happened to RTM
petee said:well this is how mining companies raise cash IGO..coz once the price higher from consolidation of shares then they can pace shares at a discount to market to investors..it means simply that they can raise more cash with less placement of shares...but unfortunately its a viscious cycle..trust me ive seen it..nothing to do with less traders..thats irrelevent..share consolidations are only done primarily to reduce the shares on issue and raise capital..the other reason is to make the company more attractive to potential investors..with EXT they have to do this otherwise they raise piddly amounts of cash and end up with more shares than BHP lol..anyhow looks like this one will close a bit weaker on close..
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