I am talking about the consolidation decision, they claim the market capital of MOY on the 20th June was around $70m in fact the market value was around $58m, consolidation will not change the market capital.
The company needs someone who can sell the good points of the company, tell us what they are doing. In simple terms of what they are doing to reduce costs, increase profits.
Why if we have richer ore are they not feeding this into the refinery, same costs or even maybe a bit higher but increased profits.
Why not tell us what the hedging of the gold price is doing for us.
But no all they can come up with is consolidation of the shares which all it will do is decrease the Market capital.
And why 1 for 22, why not 1 to 20, how did they come to 1 to 22 what was their thinking behind this, imo they have a figure of how many shares they want to issue, and if this is the case they should tell the market now
DYOR
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