TSXV:CAV.H - Post by User
Comment by
mudguyon Sep 23, 2014 8:56am
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Post# 22961470
RE:RE:some minutes of the agm
RE:RE:some minutes of the agmThe consolidation is a given, probably announced very soon and the 20:1 is what to expect. They don't bother unless they mean to do it. A 10:1 is not enough, especially if they want to get to be credible for larger and institutional investors.
We'll see if it has the normal effect on share price. I'm betting it will, out at 4.5 cents after the announcement via my circular, back in post consolidation, or perhaps even later to see how commisioning goes. This is a novel treatment system and there will no doubt be spin up challenges as the bench process tests get scaled to commercial.
This may be a tough time to hold, but I accept the common thesis here that BAJ is worth a lot more than the current share price. I just don't think it will be a gradual rise to that value. Just like the double digit hopes pre-AGM were pie in the sky.