GREY:AVGCF - Post by User
Comment by
AdamJTon Feb 14, 2012 8:41am
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Post# 19529988
RE: RE: RE: RE: RE: The 2011 Financials Looming.
RE: RE: RE: RE: RE: The 2011 Financials Looming. Both share dilution and a consolidation look like a non-issue to me. Our float isn't the issue and the volume demonstrates this. The only time to do a consolidation would be if other junior producers were doing the same as most sit at the same size. Heck, I'm looking at mid to advanced explorers in the 200 million share ranges. This is the new norm IMO.
In fact a decision to consolidate at this stage IMO would probably torpedo the stock price. Only people i hear talking about the float are on stock boards. Never hear analysts harping on it because they know it's inline.
What management needs to do right now is manage for the next few quarters. Get expansion into place, work towards increasing resources and on the Hounde studies. Cash flow should be sufficient to do this and it would go a long way to improving the markets confidence in the company.