GVM unknown

1 for 10 consolidation

  1. happychappy
    296 Posts.
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    12/09/05
    14:35
    Post #: 1124787
    Why would you bother with a 1 for 10 consolidation when there are only 275M shares on issue?

    Conflicting signals from GVM:

    Good News - very significant director buying in the lead up to Holfontein deal.

    Bad News - share consolidation may be a prelude to a BIG share issue with painful dilution implications.

    Any thoughts?

    R/happy
    GVM Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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