...Read below, the reason this stock has just gone down is the planned capital consolidation due any time...This was a health creme company turned into a mining company... ...This IMO is showing a major downtrend and with this consolidation uncertainty no serious investor wants to touch it IMO...
...RB
....From the 19 July 2010 announcement...
Re-Compliance on Exercise The exercise of the option will be an event which will require the Company to re-comply with the requirements of chapters 1 and 2 of the ASX Listing Rules, including seeking shareholder approval to the acquisition, issuing a prospectus, consolidating its capital (on a ratio to be determined) and obtaining shareholder spread in accordance with those rules. After the completion of the re-compliance process the Company intends to issue options (Loyalty Options) on a one for two basis to all shareholders, the terms and conditions of which will be advised at the time
AOP Price at posting:
15.0¢ Sentiment: ST Sell Disclosure: Not Held
