On the Stock Consolidation
I invested in Altaley some time ago because they were a producer with a gold mine ready to come online. $2.80 per share doesn't even return my original investment.
It is nice the share float is a lot lower. Even with all the conditions fulfilled, the total float would be less than 70M.
Since the stock/bond model has gone bust, commodities have been the place to be. Gold is a very good place to be as the dollar faces many unhappy nations regarding the owner of the world currency. BRICS wants an asset-backed security, and there is no telling when they will come forward with that currency. The US dollar is like a penny stock tagged as a going concern.
The US is the world's largest debtor nation, where the cost of their national debt increases every time they raise interest rates to lower their too-high inflation rate. The US social security system is paying out a COLA of around 8% more, while the US national debt is suddenly up $9T.
Those who recognize these reasons to be concerned buy precious metals, understanding it is likely the US will not be able to lower inflation because they have to create money to meet their obligations. Investments in gold mines might be good if gold prices go up as the dollar goes down.
Maybe by the time Altaley gets its gold mine up and running, the price of gold will be very good. That's the bet here.
I hope it works out. I need the money!