The whole idea of not wanting more shares because of dilution is utterly ridiculous for an exploration company
Who cares whether we own a smaller piece of the pie?...With an exploration company, it means absolutely nothing
It does, however, mean more money in the kitty
An equally senseless idea is that of a consolidaton...it does nothing except reduce liquidity and give the share price further to fall
It does nothing to help the register...it's market cap which attracts bigger investors...People have this crazy idea that when your share price goes from 1c to 10c on a consolidation, suddenly you attract a whole new class of investor....utter nonsense
BHP has billions of shares in issue and it's doing ok
You do a consolidation for a specific reason....not to simply reduce the shares in issue
Find a good asset and the share price will take care of itself...even if there are billions in issue
MHC Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
