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The bit I can't workout is that basically there is no benefit to...

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JB1981

65 Posts.

6

23/02/18

21:51

Post #: 31305040
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Originally posted by jeffero ↑

if the market cap stays at 20 million after consolidation then shareholders as of now will break even.
if the market cap drops to 10 million after consolidation then the shareholders as of now will lose half their money.

first scenario is ok and acceptable.
second scenario is not good but if they get good gas flow test results then the share price could go anywhere upwards and quickly.

so im staying in and will go for a consolidation only based on the fact that theyknow whats in the ground.
usually i would sell and suffer my loses on a consolidation and run for the hills but this should be a winner based on the gas deposit.

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The bit I can't workout is that basically there is no benefit to buying shares now. Those of us that did the research, dared to dream and took a punt ultimately gain no benefit by doing so. Seems like a good lesson I've now learned for future investments.

REL Price at posting: 0.2¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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