JH,
No offence from me.
I'm not adverse to a consolidation at some stage, I just don't see the value in it at this time.
We are still in exploration mode so are generating no revenue or have proven asset backing to support a consolidation.
Say for example we did a 1 for 10 consolidation, so SOI became 633,300,000 and the share price went to 15c, what is to stop the share price falling to 10c or less? Most consolidations I've seen this happen without revenue/asset backing.
IMO, better to raise 8-10 mill to support the company now and into next year, drill/test Charlie and on a "hopefully" postive result with asset backing then consolidate, of course then the asset is proven and Premier may take up their working interest option and buy us out? No consolidation required in this case.
Of course just my thoughts and happy to be wrong.
Cheers
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