Hi all... I'm new to this.... what exactly does it mean that the company is "proceeding with $0.07 per share Return of Capital and Share Consolidation"??
Does it mean that if I own 10,000 shares now, i will get (10,000 x 0.07) = $700
Afterwhich my 10,000 shares will be reduced by the same amount?
I guess the bottom line is, do we gain any $$ as a shareholder of this company??
Thanks for the clarification in advance....
News: IAU Intrepid Mines will be proceeding with the $0.07 per share return of capital, page-3
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