Did I Read ?? “Stephen : 1 for 3 . Just do it." Did I Read ??
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“Stephen : 1 for 3 . Just do it.. You'll have to sooner than later.”
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“If we were at .23 cents now and at
80 million shares I would be excited!”
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“”Nice news but not enough to move the stock much on its own, I guess widths are too narrow? I'm glad we are still intersecting gold but we are going to need some game changing news sooner rather than later in order to keep the share price up with all the new shares.””
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Yes the 185 million shares is like holding up lead weight, it will take some spectacular drill results to move the share price up now ! We have a $41.1m Market Cap that would have moved up to $50.1m if there was only 61 million shares out. With the great news coming out of the Lamaque project we would have been better off with a 1 for 3 stock consolidation, instead of 185m shares we could have had 61m shares with a 0.66 cent stock and would NOT have given up any present or personal share value.
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When I talked to Stephen de Jong about the value of a share consolidation he said there was no consideration being given to a consolidation at this time. Stephen did say he was not apposed to a consolidation only under certain circumstances like when financing ($60 mill) the building of access ramps so they can (1) go underground and (2) start mining the ore body. Stephen could not tell me what they were working on but I think when they move to the next stage and fund these ramps we will get a 1 for 3 stock consolidation !
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Stephen is well versed at matching market capitalization with share structure ! IMHO
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Marine2