Consolidation and shareholder concerns, page-122

On reading all the posts on this thread regarding consolidation it appears many if not most of the contributors to the thread have concerns about EGO's board proposing a consolidation of the company's shares sometime before on at the time of the next AGM.

Most agree that consolidation should go ahead.............sometime in the future when the company is in much better standing with a better balance sheet, at least one drill completed successfully and product flowing into the Red Gully plant, a good result from the Black Swan survey, even perhaps the conclusion of a farmin arrangement.

What does concern most is that without any of the above it is very likely EGO's share price will find a level in all probability at about the same level as it is now with the resultant large loss in the value to shareholders holdings.

It would be of interest if posters on this thread who have indicated "trust the board" and or are supportive of the consolidation without some "runs on the board" please advise if they have had the experience of a share consolidation which did not result in a loss in value of each share post consolidation as many have indicated it inevitably goes the other way.