Hi Thesi, Some articles I came across on reverse share splits, did mention that it was common for share prices to rise initially, and then fall back over the short term in the weeks and first few months following a consolidation, however, it also indicated that a company's share price is more likely to benefit from this process over the longer term. As it also coincides with EOFY financial matters, bots, shorters, accumulation, sector wide sell offs, and a whole bunch of other reasons in the macro environment, it's often difficult for holders to pinpoint any one specific reason for a share price drop, and this is why many are starting to panic, worry and unreasonably blame management. The more seasoned traders and investors amongst us, can see it all for what it is, and can hold on, accumulate, and do whatever else that we that we need to do in a growing company like Galaxy, where there is a lot happening behind the scenes, and with fundamentals that are always improving.
Wherever some people see adversity, others will be recognising some great buying opportunities. At these times, it's best for all of us to remain relaxed, focussed, and to never lose sight of why we are invested here. I'm ready for lithium demand to be off the boards in future years, and best wishes to everyone in their lithium pursuits.
