PLS - Chart Update, page-756

No evidence as yet. I personally would like to see PLS do a similar thing to GXY at about the same point in time though. i.e a few months into production. So probably a 3:1 consolidation of $1 to $3 and shares down from 1,350m to 450m. The reason it is beneficial is fund managers will be much more inclined to buy stocks in that price range than they will particularly of stocks under $1.00. They just tend to look at it more as an investment grade stock then. It would give us a manageable amount of SOI without completely drying up liquidity.

Retailers chase cheap stock which is why consolidation of micro caps go badly. Less psychological attraction to a 2c stock than a 0.2c stock - gains are harder to make on the 2c stock.

Institutions chase stocks with larger share prices. Completely different situations. GXY will do fine out of theirs and PLS could benefit from their own down the track.