Regarding the reverse split;This won`t do anything for GDXJ inclusion. It`s based on market cap. As for the day traders; it`ll attract more because instead of moving 2 pennies when gold moves $15.00, the new stock will move .25 at that point. Day traders like this type of movement.
It`s a good move to consolidate when your`re in producton rather than not. It will attract new Institutional investment that are not allowed to invest in companies trading less than 1 or 2 dollars.
Best of success everyone.