A consolidation may happen at some point (see the Inside Briefing announcement), but not before the Companys' share price is in a sustained uptrend and all new projects have been bought in.
The Directors are planning on pushing the share price up as much as they can and to consolidate prematurely, may be detrimental to the cause.
As for the ratio, well it depends how many shares are on the register at the time of consolidation. One thing for sure, is that I don't want too few shares, as then we may run into liquidity issues when trying to buy/sell.
All in all, I would welcome a consolidation done at the right time. Given the Directors have so many shares, I think they will only consolidate at an appropriate time.
Also let's not forget, the Briefing stated that the Company "may consider" a consolidation. Who really knows if it actually happen or not
BMB Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
