Post by
sicnarf2 on Oct 16, 2023 9:09am
I think one of our biggest problems
And will haunt us going forward is our nearly a billion share float !
Comment by
psych01 on Oct 16, 2023 9:36am
Correct---the Billion share count allows for a reverse split at SP prices in the .50's, .60's or even .70's Hope not, but reality is better than the fanciful clutter we're seeing from the dream along with me crowd led by Agold. IMO
Comment by
domcolumba on Oct 16, 2023 4:55pm
Personally l would love to see a 10 for 1 share consolidation. The outstanding shares count is almost 1 billion. It worked out nicely for Torex Gold and for Eldorado Gold. Magino will have to pull out Gold nuggets the size of footballs to move this stock. Remember EPS earnings per share. Dom
Comment by
crazytimes on Oct 16, 2023 5:42pm
This doesn't need a share consolidation! It needs Magino firing on all cylinders! Plenty of catalysts to take this well over a dollar! Many, many gold miners with simmilar or larger floats trading in the dollars. Just my opinion.
Comment by
kegman on Oct 16, 2023 6:22pm
Get it over $1. Then 5 to 1. Funds come in and still enough shares to freely trade. Vgcx has too small a float. Easy to manipulate.
Comment by
crazytimes on Oct 16, 2023 8:33pm
I would hope for well over $1 first!!! lol.
Comment by
SHEEPBAAA1 on Oct 16, 2023 9:34pm
name some gold miners with high floats like a billion shares trading in dollars. i bet you find none. THe Sheep
Comment by
crazytimes on Oct 16, 2023 10:24pm
B2 gold has 1.3 billion shares out and trades at $4.34 currently! There are plenty of them!
Comment by
crazytimes on Oct 16, 2023 10:28pm
kinross gold has 1.3 billion shares and trades at $6. Yamana gold had more and was bought out at over $7! There are many, many more! Our float is only 864 million. Considerably less than those! The float for AR is not a problem at all! Just my opinion.