no,
POO at 25 Nov 2015, when Consolidation was put to shareholders, was about US$45.
On the same chart it is now US$40.
http://www.infomine.com/investment/metal-prices/crude-oil/1-year/
on 25 Nov 2015 EGO SP closed at equiv 50c
now 37c
so drop POO 11%
drop EGO SP 26%
and that is after positive news from EGO. Good cash flow, RGN discovery, Tranche 2 etc.
the Consol was poorly conceived, ill-judged and heavy handed.
And yep - EGO cannot reverse the consolidation now, as it would be impractical.
And yes, the SP would have fallen because of drop in POO.
But how much without the Consolidation?
I guess it is like asking just how much of your leg do you want to chop off?
