I believe the share price will be 1 cent after a 1 for 10 share consolidation. Ie if you now have 500000 shares, after consolidation you will have 50000 shares valued at 1 cent each.
This consolidation was decided upon because when institutions/investors are approached in a CR (capital raise, where new shares are issued for capital), 1 cent looks better than 0.1 cent. If investors are offered shares at 0.8 cents after consolidation for example, no doubt the share price will move down to that level.
As for the future, it all depends on MXR/RMS success at defining a resource at Spargoville/Tanami. With 200000 bucks worth of MXR shares as part of the farm in agreement, any appreciation in share price of MXR bodes well for TYK. Thus we wait.
I believe the share price will be 1 cent after a 1 for 10 share...
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