re: consolidation...more4u2 I think the higher price per share will open a few doors with big investors. Many cannot touch penny stocks as part of their charter. Now with a 90cent - $1 stock they will be allowed to buy in.
I am a bit concerned that in effect EXT has paid somewhere between 60 - 70 million dollars (in shares) for the 49%.
I know that existing drill results have added value to the prospecting license but that's still a lot of bucks.
The 1 for 10 consolidation has been on the cards for a long time and on balance will be a positive. I would welcome a larger percentage of shares held by long termers (like me) and I think this move will help achieve that.
great positive pre christmas announcement, page-47
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Mkt cap ! $20.23M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $5.012K | 418.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 250000 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 11661229 | 4 |
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