AGM, page-191

Hey Newbie,

On the share consolation I don't really have an opinion, I don't think it matters that much either way, its the same company and we will continue to own the same percentage of it after the consolidation as before. I think looking at other examples of companies that have consolidated their share price is not a good comparison to GXY. This is my opinion only, but to me stocks that consolidate are generally poor companies because they have a huge number of shares at low prices and this is generally a result of them having business difficulties and have had to raise large amounts of capital to stay alive, I would suggest that many of these companies have poor economics and that is why their share prices continue to go down post cosolidation.

My view is GXY was one of these companies many years ago when it nearly went under, they had to CR and sell assets to survive. However they have come out of that we are now have a company that is producing a product that is in high demand and has a high price. Therefore its prospects are bright and I suspect the market will value it more in the future than it does today and it won't care if we consolidate the share or not.