I am a holder of FDL and GDA stocks from circa feb this year, and am very new to the stocks game.
I am UK based!!
I have observed from the side lines fatstock etc putting in some very valid points on gda
I have a question and I hope its not a ridiculous one.
I notice that GDA are debt consolidating on a 10-1 reverse split on 3rd june this year-subject to approval.
I understand what this means ie 10 shares at 2.5c will become 1 share at 25c.
What does this mean for the overall share price as surely this will leave gda at 25c a share which at the current moment would seem very high for the non inferred resource status.
Any help appreciated as i have some cash and FDL GDA or Maximus are going to get it...this whole game is like juggling mercury!!
let me know folks.ta dan
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