Am unsure what other options the company has now with billions of shares on issue and trading at .003. What options does the company have other than a 25/1 or 50/1 share consolidation to continue to raise capital for exploration and administration expenses and the circa $10 million in expenses committed to the obligations in purchasing the new lease. A pump opportunity may arise if they can find a few reasonable rock chip samples from results due soon, but that will be short lived as its only ill experienced retail investors who get caught up in on surface rock chip results as there no true indication of drill core samples from below ground. Too raise off such a current low SharePrice would create an insane new number of shares to add to the recently adde d 1 billion shares. EGO has ompleted a 100/1 consolidation in the past. If they had $700000 cash remaining at the end of the last quarter, they must be near running on fumes by now.
LNR Price at posting:
0.4¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)