GREY:GDPEF - Post by User
Comment by
LeftBookon May 24, 2019 3:31pm
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Post# 29772037
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:PERFECT - RCG - PLAN ?
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:PERFECT - RCG - PLAN ?
Damian, You attribute the rise of the share prices to consolidation. I attribute the rise of the sharp rise in share prices to investors following Sprott's 20c investment. Prices fell either way. Share price movements are very hard to understand. Perhaps the events of the Indonesian property write offs, the consolidation, the purchase of Corcoran, and Sprott's investment were to close together for some investors to digest what was what. That said, I think the company offered good guidance to shareholders in the June 2016 Annual Report. They wrote they would use post-consolidation shares for stock option exercise prices, and warrants for all years. The 2014 and 2015 share counts are re-stated as post-consolidation numbers. The company value is hard enough to understand with its continuously changing share counts due to private placements, debt for shares, resources for shares. And let's not forget the 20M of shares (post consolidation number) from the Reliance days that were underwater in 2016. It seems to me like a lot of work to try and to keep alive a share structure that the company no longer uses and is meaningless to current shareholders. It is interesting to hear from other shareholders about their ideas about possible investments. Investments strengthen the balance sheet, reboot operations but also means splitting returns amongst more shareholders. Share consolidation ideas complicate interesting ideas. It introduces a set of foreign numbers. Share consolidation won't change how the business is run. It won't change the percent ownership. It only changes the denominator in per share calculations.