Anybody saying that they want a share consolidation in a small cap mineral exploration company is either being disingenuous, is poorly informed, or they have rocks in their head. The fact is that in the vast majority of such cases, failing some astronomically positive discovery happening pre-consolidation, has seen a huge drop in shareholder value. Sorry to spoil the narrative, but these are the honest facts.
Of course if a company found billions of dollars of commercially viable and cheaply recoverable minerals with a huge buying market for said minerals, then and only then would a consolidation put a smile on shareholder's faces. To date there has unfortunately been no such mind blowing discovery..... so far...... we can only speculate in hope for now.
Good fortune all ethical speculators.
LNR Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
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