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Kefi Minerals Share Chat (KEFI)



Share Price: 0.375Bid: 0.36Ask: 0.39Change: 0.00 (0.00%)No Movement on Kefi Minerals
Spread: 0.03Spread as %: 8.33%Open: 0.355High: 0.38Low: 0.355Yesterday’s Close: 0.375


Share Discussion for Kefi Minerals


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Amexcenturion
Posts: 47
Observation
Opinion:Strong Buy
Price:0.375
Gold on the rise
Today 19:01
 
kevwed
Posts: 15
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.375
RE: 17-1 consolidation
Fri 22:33
Thank you, still trying to get me head round some of the terminology
RICH3R
Posts: 8,010
Answer
Opinion:No Opinion
Price:0.375
RE: 17-1 consolidation
Fri 21:12
YES they are reducing the number of shares in circulation by issuing 1 NEW SHARE for every 17 PREVIOUSLY HELD shares.

1 NEW share = 17 PREVIOUSLY held shares.

If you had 17 old shares, they will be worth 1 @ 17 times the price !!

gl

The Market Capitalization (MCAP) will remain THE SAME as a calculation of SHARES ISSUED x SHARE PRICE.
kevwed
Posts: 15
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.375
RE: 17-1 consolidation
Fri 20:52
So as my previous question, if i owned 17000 i would now own 1000, so they are reducing the amount of shares in circulation as apposed to a split when they increase?
RICH3R
Posts: 8,010
Answer
Opinion:No Opinion
Price:0.375
RE: Re:17-1 consolidation
Fri 20:49
if you had 17000 shares, then after the consolidation, you will have 1000 shares
RICH3R
Posts: 8,010
Answer
Opinion:No Opinion
Price:0.375
RE: 17-1 consolidation
Fri 20:30
Hi kevwed, you seem to be talking about 2 entirey different issues:

1) Your observation about KEFI that "There is also a 17 for 1 share [CONSOLIDATION] so 0.33p is acually 5.61p in new money " is spot-on !!

2) Not to be confused with your first question about "I had an open offer a few months back on another company of 25/2 where i could buy 2 shares for every 25 that i held at a reduced figure." Now that sounds like a 'RIGHTS ISSUE'. Please google it (or other search-engines are available lol).

I placed the CAPITALS in my post to highlight the main points of your post.

All the best
kevwed
Posts: 15
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.375
RE: Re:17-1 consolidation
Fri 20:26
Say for example i had 17000 shares and the resolution gets passed, would that mean i now have 18000 or 1000?
kevwed
Posts: 15
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.375
RE: Re:17-1 consolidation
Fri 19:21
thanks
turbovb2
Posts: 183
Off Topic
Opinion:No Opinion
Price:0.375
Re:17-1 consolidation
Fri 19:17
For each 17 old shares you get 1 new one.
kevwed
Posts: 15
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.375
17-1 consolidation
Fri 19:11
Hey guys,
Can anyone clarify what this means as im new to share dealings. I had an open offer a few months back on another company of 25/2 where i could buy 2 shares for every 25 that i held at a reduced figure.I have been looking around to try and find out what this one means as seen on a website "There is also a 17 for 1 share consolidation so 0.33p is acually 5.61p in new money " so does that mean for every share i hold in KEFI i will be given 17?




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