Everyone gets a bit nervous around these manoeuvres, however a tighter registry of 350M shares looks better than 1.6B shares going into financing discussions, and probably an expanding share base again quite soon depending on the debt/equity mix to fund construction.
North Americans like a smaller capital structure and higher share prices. That's maybe why we are doing this now, and maybe trying to lock in some of the premium we are enjoying atm.
Just my thoughts.
Hardrock
Ann: Proposed Share Consolidation, page-7
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