Pedro,
they are planning on holding a general meeting in January and putting it to a vote of shareholders. They have a few good incentives but I am going to research the pro's and con's further to evaluate the value.
I don't know why they would want to consolidate, they only have 499,097,279 on issue following the completion of the rights issue .
I voted against flinders consolidation when they proposed it and as it turns out, flinders didn't proceed with their consolidation which I was pleased with. their market cap is about 120m now.
I'll be suggesting to the GDA exec chair Warren Beckworth the same for the same reasons.
cheers fatstocks
Pedro,they are planning on holding a general meeting in January...
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