You are right in your assessment that these guys know what they are doing...not everyone realises it!
There will be hundreds of millions of newly minted shares coming on the market next week for you to buy at 0.1c so you can top up as money becomes available over the next few months. Im sure the holders of these share have been given an assurance that the company will hold off the consolidation of shares until the owners have had a chance to sell this tranche.
If its a 100:1 consolidation then we would expect the shares to open trade in the region of 2.0 to 3.0c ...probably inevitable that they will fairly soon end up at 0.2c given the major original shareholders will expect the lions share of any profit as soon as possible...who can blame them, they have had to put up a lot of money over the years to keep this going, without any reward thats been officially announced.
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classic minerals ltd
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You are right in your assessment that these guys know what they...
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