BP ... you are correct in saying that Morgan said 10 to 1 consolidation and that it would all happen at the same time as funding is finalised which would be majority debt and some equity. This is a class deposit with massive upside and so should fly, once into production in mid 2019. Always a small risk of share price drift back, post consolidation, but if they ensure a regular flow of good news post consolidation and demonstrate that the move to production is on track, then the post consolidation share price should hold. Other benefit of post consolidation, with the significant reduction in share numbers, is that it seriously reduces the negative impact that day traders can have on the share price.
Ann: Annual General Meeting Presentation, page-20
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$4.01 |
Change
0.020(0.50%) |
Mkt cap ! $2.631B | |||
| Open | High | Low | Value | Volume |
| $4.01 | $4.05 | $3.98 | $7.035M | 1.755M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13736 | $4.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.02 | 19573 | 2 |
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