Yes, I'm always concerned about consolodation, and experienced such to my cost in the past.
However I think of the directors who have so much "skin in the game", and of Ross Stanley's personal purchase of $3 million worth, (now worth $6m) and how it will affect them. Each one of them must have voted for consolodation, at board level.
I believe that at the same time as the consolodation, there will also come the expected good news.
ie................. Fully funded. Directors buying. Mining licence. Samnang drilling results.
Followed quickly by...........Mineral Investment Agreement. Commence construction.
Followed soon after by. ... Nearby prospects exploration. Joint venture mine developments.
So by these methods the SP may recover from any slump and get going again.
The directors may have thought along the same lines themselves.
One thing for sure, a 1 for 10 consolodation will get rid of the bots and shorters. A lot less shares for them to manipulate, and for that I am in favour!
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$4.01 |
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Mkt cap ! $2.631B |
Open | High | Low | Value | Volume |
$4.01 | $4.05 | $3.98 | $7.035M | 1.755M |
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---|---|---|
1 | 13736 | $4.00 |
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Price($) | Vol. | No. |
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4 | 11134 | 3.980 |
2 | 6631 | 3.970 |
2 | 6616 | 3.960 |
3 | 14959 | 3.950 |
Price($) | Vol. | No. |
---|---|---|
4.030 | 12634 | 5 |
4.040 | 6631 | 2 |
4.050 | 32267 | 6 |
4.060 | 5458 | 2 |
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