SBR 7.69% 1.2¢ sabre resources limited

Ann: Consolidation of Capital, page-3

  1. 579 Posts.
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    I like the fact there will only be only 291,485,601 shares on issue
    instead of 2,914,856,008.

    With a smaller number of shares on issue one really good announcement
    can move the share price. I could give an excellent example in the REE
    space but i would get done for cross promotion.
    With billions on issue from my experience it takes many good announcements
    to move the share price, because there are just so many shares for sale allowing
    traders to dive in out until the really big players start vacuuming them up.

    So obviously i am hoping for a really good announcement after the consolidation
    to make this company fly. Of course there is risk involved, we are in the highly
    speculative end of the market.
    As they say 'The drill bit is the lie detector'. Time will tell whether SBR can
    have that truly company maker moment.
 
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