TSXV:NET.UN - Post by User
Post by
NobodyKnowsOneon Jun 10, 2010 4:54pm
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Post# 17178630
RE: RE: RE: RE: RE: RE: PP priced at .07 post cons
RE: RE: RE: RE: RE: RE: PP priced at .07 post cons
I don't know what will happen. From what I hear, some share consolidations work out fine, some don't. My only former experience was with Acero-Martin (AMG). They did a 1 for 4 reverse split when the SP was at .04 and it came out at a consolidated price of .17. It stayed in a range, as I recall, of between .15 and .25 for quite awhile. Then they announced a PP and it headed up into the mid .30s fairly quickly. Today I see AMG closed at .50.
A lot depends here on NET management being able to maintain investor interest while proving up resources at Caldera or secondarily at the Yukon property. I'm not terribly confident that they can do that, nevertheless I'm sticking with it. It's either that or take the hit and move on.
Cheers