RE:RE:RE:RE:Argonaut Gold: Magino - The diamond in the rough ARGONAUTGOLD wrote: Market cap of CA$5 billion with 1 billion outstanding common shares is CA$5 per share. Pretty simple math.
I'll quote my friend ptmoney, "Reverse splits are done primarily for financing reasons and stock issuance...many large investors won't touch penny stocks no matter how good the assets or prospects....we have no such concerns...we already got all the money we'll need to finish Magino from the banks and through additional stock purchases from the likes of Franco and GMT....".
This idea of a "reverse split" is simply fictional, conceptual and a reverse split would make no sense at this point..
Dom are you sure you aren't just upset and are reflecting in consideration to your losses in junior miners and "all my investments" this year?
"Market cap of Ca $5 billion with 1 billion outstanding common shares is $ 5 per share. Pretty simple math."
Market cap of $235 million with 1 billion outstanding common shares is 23.5 cents per share.
Pretty simple math. ha ha ha ha