The proposal to consolidate shares 20 for 1 should be rejected outright by shareholders IMHO. I've seen this before and consolidation for the sake of consolidating without new and significant news to accompany it is the most elementary of errors.
Thinking logically, drilling is going to begin next season meaning results are likely at least 6 months off. In the meantime this will consolidate at 5-6c and, without a steady flow of news, the share price will drift backwards to who knows how low in this environment (ie imagine a mali spec stock if/when ebola hits the country; at least now it can only drop 66%!). The consolidation just means the share price has further to fall.
Anyways, share holders should vote AGAINST resolution 6 IMHO!
vote Against resolution 6 - Consolidation of capital
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