CEO is currently listed as an optical company on ASX. It needs...

CEO is currently listed as an optical company on ASX. It needs to change its name and business description to Mining. To facilitate this it has to comply with ASX rules where options and shares have a minimal value of 20c. as options are exercisable at 1c the easy path is a 20 for 1 consolidation thus pushing the exercise price of the options up to 20c. at the same time the shares will go to 20x their current market value and you will hold 20x less shares (but same actual physical value). If CEO did not have to have a change of business it could well have issued shares now at their current M/V of around 7c.

The big bonus here for the future is that there is a lot less shares on market post consolidation so further positive news will push price higher with less volitivity.

I see it as a win win position. Don't forget should CEO get great results from exploration they may have to do a FMG and reverse part of this by doing a 10 for 1 split.

Who knows what the future holds but it sure looks bright... We will hold 8 licences and all around different parts (some together).