RE:RE:Close Caribou & Reverse SplitA 37 cent stock price is a joke. Respectable stocks do not trade under $1. Yes I know the market cap is what really matters, but serious investors do not buy penny stocks. If this is a real company, it should have a real stock price. Over $1 would be better. Over $5 would be great, but that would require a 1 for 20 split. Maybe that would be the best plan for a reverse split.
As for Caribou, it is a high cost mine, and it always has been. It should only be in production when zinc is above a set price, probably around $1.30. Sure at $1.20 is pretty close, and the mine might be close to breakeven. But why dig out reserves for breakeven? Why not leave the zinc in the bank and wait for higher prices?