Agree with fundamentals, and market cap and cash vs peers, you have changed sentiment , you were saying it would sink to 4.5 and now your saying it wont go lower?
I just think consolidation is a very bad idea, and think after consolidation you will be able to get it cheaper (look at all the evidence on all ASX stocks after consolidation, find one thats gone up, 1000s of examples lower market cap after consolidation and only a handful go up) as volume will be a lot lower and it will be a lot more illiquid (number of shares on issue will go down due to consolidation.)
Time will tell , I would be happy for it to go up, Im trading as well as holding a core. Will use the consolidation as a chance to buy in lower, we may be back over 10 relatively quick ehere, look at today, only $19k worth of buying and we are up 12% , so it doesnt take much to move the stock.
MDC Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
(20min delay)