"Consolidation is bad for existing shareholders, certainly at...

Thanks for the explanation - I certainly know why it would be a nightmare now.
Perhaps you believe the market cap of the company would change?
Who knows?

Probably been here longer than you and am extremely happy with the shares I hold.
Can remember the stock at 1c, 3c and 27c then back to near zero.
Oops that's where they are now - back at 1c or less about a week ago.
Still made good money

"Consolidation is bad for existing shareholders, certainly at this stage we are at."
The only stage we are at that I can see is you expect another company to JV into a 1c stock - that was less than 1c a few weeks ago.
I wonder why JV partners don't take the company seriously and play hardball.
Yep, the tenements are fantastic.
JV partners also look at who they partner with and the stability of the company.

Unfortunately, from your explanation I do not really understand why consolidation is bad.
If we hit oil/gas, the company will be valued on that resource.
If we don't hit oil/gas it will be back to sub 1c anyway.
You seem to prefer being a specy stock.
Consolidation would be bad for daytraders, not for people holding LT.

Would any of the three of you care to explain how consolidation would affect the market cap of the company?
Why would the MC drop 50% ?