Thanks for the info Bob.
Don't forget that they failed to mention at the AGM about the Clancy deal, so they are not always up front with their plans!
A share consolidation will reduce much of the manipulation by day traders in the stock. The sp ends up being more stable. Also down the track, the stock will look more attractive to the big investors, and they will have more "confidence" in buying the stock if the share price is 60c and not 6c! Just my opinion but I bet that when the money is coming in the issue will be raised.
And whether investors like it or not, I still believe it will happen in the next 12 months or so. 90% or companies go down this track when they have cash coming in, it does make corporate sense. Time will tell, but I'm willing to bet a 100 shares on it!
Looking forward to your analysis of the final trial mining results when they are made public.
Cheers
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