Normally I would agree with you that consolidations are a measure of desperation, but in this case if you read between the lines they have done it for a good reason.
I believe that there is going to be a large placement to private investor(s)- possibly Sprott or his connections in the realm of $50million for Deep Yellow to acquire more uranium assets.
Hence why they cancelled so many shares instead of just a 1:2 consolidation.
With the old dream team of Sprott and Borshoff together they are looking to recreate Paladin at a similar stage of the uranium cycle as last time.
Exciting years ahead imo
Normally I would agree with you that consolidations are a...
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