The board have previously stated a consolidation is one of the things they want to do. It's almost inevitable as are further capital raisings of some kind. However, I would hope that they leave it until there is distinctly positive sentiment for buying the stock and a permanent hike in the sp to at least 3 or 4 times what it is now. I would think that they might want to bring it into line with ADR's which are MST/20. With expected dilution over the next year or so that would bring the no. of shares down to around 100mil, a not unreasonable figure.
Like you myronc, I've been a holder for many years, and in fact bought MST when they were $2.50 before the 5x split (to increase the number of shares and liquidity!). My total holding in the first boom in 2000 was worth about the same as my total holding now after having averaged down many times, but now with 500 times as many shares as I had then! But, as the old school motto goes, "To the uttermost". If you throw in your hand now you lose!
As to what they might be worth eventually, it's anybody's guess. The company once had a market cap of $400mil+ which is about 40 times the current market cap. It's not impossible that it will get back to that or more in a few years if things go well though there will be further dilution by then. Still myronc, even with another 200% dilution you could get your .20c back one day but it'll be a long wait I think. My philosphy has been slightly different to others - it's "I have, I buy, I wait". This has got my break even point down to a fairly realistic and achievable figure for short to medium term recovery. If I had more uncommitted money, I'd be buying even more now at .008.
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