RE:consolidationThe AGM is tomorrow so shareholder approval has not been obtained yet and as far as I am aware there are no guidelines on when it would be done. The only reason to do this is to do a PP and they should not be in any hurry with $8+m cash.
I notice they ran out of cash before the AuRico deal and Bruce had to lend the company $100K from his own pocket. They also seem to have far more directors than is needed for a company this size.