Investor, quite right DW pretty much ruled consolidation out at the informal Melbourne investors meeting.
Why consolidate when the intent is to sell up, not go into long term production? A buyer is still going to pay the same irrespective of how many shares are available.
The only way I could see this being different is after all the effort made to get a good price and the market does not want to buy. Then it may have to be a case of consolidate and new placement for full scale production, Staying debt free in the process. Dragon oil did this more than once and those who stayed with it and bought more on placement to match % dilution did very very well when they were bought out.
Only problem is that I would be cold in the ground by then!!
How we can stop the down trading, page-523
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| Open | High | Low | Value | Volume |
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