DMNKF DNI RickeyBobby. Don't worry about the low price of Cougar.
Australians love low price stocks.
I was in Perth many times in the early 2000s and bought many stocks on the ASX. Aussies love stocks that go from 3 cents to 6 cents a share. They don't base margin on a share price like 3 dollars here, but on the market cap of a stock, whether it sells at 1 dollar a share or 2 cents a share.
For example in the early 2000s there was and still is a very large tech and home furnishings chain called Harvey Norman, like Best Buy here.
Their stock got to 10 dollars a share and the company split their stock 10 for 1 to bring it back to a dollar a share. 10 dollars was too high. Would that happen here?
Australia took their largest phone company public around the same time called TELSTRA Australia's AT&T with a market cap of around 50 billion at 3 dollars a share. Would AT&T go public at 3 dollars a share?
You can go to Hot Copper their best stock forum and see for yourself all the low price stocks. CGM is the stock symbol for Cougar on the ASX, and if you read the posts, those guys are very happy to see Cougar for from 1 cent to 3 cents a share in the next few months.
God knows how many shares each of those guys have, and stock commision is based on value not how many shares you buy.
Anyway you are investing in DNI which has a great future with its soft dirt and great leader in Dan Weir. Give him a call, he is a great guy.
Cheers
