Smart Thinking & A Good Move
Yes that would be a smart move; it has to happen to make the company a strong mining identity in the market.
Some of you will be screaming at me and I have been in these situations previously and have not benefited because of weak management that didn’t have clue about roll backs and its effects. Because the company was no financially sound nor did it have the strength and the core body to take on the house cleaning and rectified the mistakes and protect shareholders value and not the boards.
As Curvature and other learned friends have written the company is solid it’s has good bank balance, a producing gold mine in Australia and mind you production costs less compared to its competitors. Small but rich mining properties in Mexico, Argentina and the crown jewel in Indonesia in the Sunda Arc. Not far from the well known Batu Hijau owned by Newmont that have produced outstanding mining results from Sumbawa operations.
If you look at the drill results and company press releases they are well presented and very informative. As to the companies commitments as it move forward in developing mining properties that will serve the company well and its share holders.
The board has to make a very big decision very soon and do a 5-1 to place it on a new pedestal as Curvature said “5 for 1 brings them to 80 mil or so which is more then reasonable for a producer”
I support that and hope others will because the future will look a lot brighter and we will be investors in a mining company that is heading to new horizons