RE:RE:Regarding the reverse split;
Quite honestly, any rollback is first met with a negative reaction, but as many have said here today, TMM has initiated this from a point of strength. Profitable. No debt. Great prospect property.
Personally, I figured this would be done a year down the line, with AP much more mature, and SF with a clear path forward, and with TMM fully valued. So, at this point, I view it as a bit premature and a bit unnecessary ahead of AP production, but necessary in the longer term.
That said, this is simply approval for "up to" 10:1" rollback any time over the next 13 months. Doesn't mean it will happen soon or happen at 10:1. McCunn clearly has a plan and my view is that we will most certainly see that plan - the PFS and SF mine plan - well ahead of the AGM, so people see the full story. i think this tips their hand as far as the economics of Ana Paula.
Long term holders, this will be great. Short term, maybe a holder requires more patience. Once this does occur, EPS will be fantastic and TMM/Alio should fly well beyond current expectations.
Just my gut feel.
B