The Fudamental Problem......, page-34

LOL greedy next you will be telling us that because of the number of shares on offer we will find less oil, the basic fundamentals won't change having 6 shares or 6 Billion shares, at various times in the life of any company they will be undervalued, overvalued or fairly valued by market forces alone , regardless of shares on offer.

In regards to consolidation SIR which is in a similar situation to ourselves ( different resource) in having a large resource, no income and a long lead time to development. It had 1.6 Billion shares on offer then had a 1 for 20 consolidation taking it to 80 Million shares it now has around 300 Million shares on offer or over 5 Billion shares if it hadn't consolidated. Whats happened? Nothing really diution still occurs because they need cash, the resource is still there and its shareprice goes up and down just like any other reacting largely to the price of copper.

Institutions do like less shares on offer and at some stage in the future we will likely see a consolidation IMO but it changes nothing, if a Company has what institutions want they will aquire regardless.

Cheers Whisky