Yes, with the way things are going a consolidation is very likely. Peter is issuing 200 million shares for just $2 million. By the way, the issue date is 24 November. We may see the newly issued shares being sold for 1c. The new holders can sell the shares for 1c and keep the free options as a gift.
This is happening while the gold price has been going up nicely. Well, the gold price is not much relevant, as it seems, when the company produces stories instead of gold.
Ann: Proposed issue of securities - MKG, page-68
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