Guys,
The same thing would have happened without consolidation. 1 billion shares on issue was just too many.
1. No news
2. Dramas in U.S.
3. High gold price
Investors become impatient and sell out for any number of reasons. All the above and many many more factors do not help the MPO share price. However any ounce of good news and she will propell forward. Patience is required with oil and gas plays if you believe the story then sit and wait. If you bought real estate today you would not be selling it tomorrow.
bottom line stock consolidation means dump, page-8
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