RE:MAVERIX I think this is one of the best management teams in mining/streaming.
Have quietly put all the pieces in place for a monstor with no promo/marketing. Relative to what they have done that stuff is easy.
The consolidation is to meet listing requirements of the NYSE and increase liquidity, says it right below in the consolidation section. Consolidations are always viewed negatively, but in this case I think there are some mitigating factors.
1. Managment and insiders are heavily invested in MMX
2. MMX has three major shareholders (GFI, NEM, PAAS)
3. Very small tradable float meansthere is no liquidity
I would argue that one of the reasons MMX is not much higher is because most of the shares are locked up and there is no turnover so no liquidity. You can't really even buy in if you want, you can move MMX around with 5-10K. I don't know how big your position was, but if you exited you probably had to do it into the bid.
With a NYSE listing they could also get inclusion in ETF's which means forced buying. US investors plus smaller float could make the price go up a lot.
You are probably right in the short term re the PPS, but post consolidation MMX could easily be a $15-16 stock.
If you need a liquid stock to get in and out of MMX is not good. But if you can sit and watch it grind up it's great. I'm going to add on any weakness.