Has anybody thought about the possibility that they have some major news imminent that is not yet finalised(ie dotting the i,s and crossing the t,s for a potential jv) so are doing the consolidation now in advance of the good news- which also has the added benefit of getting rid of the pip traders who can currently achieve 25-50% margins on any change to the shareprice,thus rendering the shares illiquid.
Personally I think the consolidation is a good thing, and as a small holder in CTM have recently experienced positive impact of a consolidation.
Only time will tell and I could be totally wrong, but surely based on the recent reports and drill recommendations a JV with a major cant be out of the question.Fingers crossed.
Ann: Consolidation/Split - ICG, page-17
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