GREY:RNKLF - Post by User
Comment by
Goldnboy1on Oct 08, 2018 12:25pm
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Post# 28762182
RE:RE:RE:Price predictions for 1 year from now ?
RE:RE:RE:Price predictions for 1 year from now ?For the record I said FORWARD SPLIT..... Not Reverde split.
Meaning we need more shares. If this does become a multi million ounce deposit like eskay Creek. The company will acquire more shares either via take over of other weaker producers or via forward split due to institutional demand for shares.
Barrick has 1.1 billion shares. They got there via acquisitions. I doubt we will go the acquisition route. But if the market is tanking and everyone starts buying gold stocks institutionally. They stock will need more shares. Remember a 1-2 or 1-2.5 share split is. 100% or 150% overnight gain in a lot of circumstances that is a positive event and the stock trades up even more post split. Just look at Apple or Andrew Peller Wines for a great example of that!!