TSXV:AUN.H - Post by User
Comment by
billioncubicfton May 18, 2012 12:38am
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Post# 19924138
RE: split, ? how can you be sure our wallets get f
RE: split, ? how can you be sure our wallets get f Midas,
Can you share any PM stocks in recent times (past 2 yr) which have successfully increased their market cap (after a reverse) for a prolonger period after such a move? If so, it would be great if you could share.
Aucana can quite easily move to $5 with our current share count, a positive market, silver at $40 and production of 6 million eq. oz.
In order to reach the same market cap with with a 5:1 reverse our stock would have to well north of $20. It wouldn't help our personal wallets unless the price went over $25. I'm not sure that a low share count at say $28-30 would lend to enhanced volume or trading.
Aurcana's cash flow should be sufficient to enhance reserves. The only need for low shares and higher price would be to go to the market to buy someone out, and I'm not sure it would increase share value. It would just result in more shares and higher market cap.