I think the idea of share consolidation or reverse split should have no special negative impact It's just superstition.
The functional reason for the consolidation is that nominally higher priced shares are seen as more investment worthy by investors seeking blue chip miners. MLX always wanted to be I that space and this was somewhat compromised with the merger of Wesgold a couple of years ago. Further the same type of investors including managed funds want to see income.
The reason the share will either go up or down is based on commodity prices and management. I feel management has been good. As far as the latter is concerned, good management via hedging policies etc. should ameliorate it since the problems will produce opportunities from others (e.g.Reed).
MLX Price at posting:
20.5¢ Sentiment: Hold Disclosure: Held
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