Ikhutch, I think it depends on the share.In SIR's case I think there may be a bit of short term pain post consolidation but long term the less shares on issue the better IMO. Particuarly if the drill bit hits the jackpot.Look at FML which on paper is one of the soundest stocks around but because of the massive amounts of shares on issue struggles to gain traction.It opens the doors for regular pump and dumps which sees massive shareholders making millions while us mugs get left holding the baby.Just my thoughts,Cheers.
SIR Price at posting:
28.0¢ Sentiment: LT Buy Disclosure: Held
