Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Southstone Minerals Ltd V.SML

Alternate Symbol(s):  FDGMF

Southstone Minerals Limited is a Canadian junior mining company. The Company is engaged in the acquisition, exploration, evaluation, development and mining of mineral properties. The Company holds a 43% interest in the Oena Diamond Mine (Oena), which is located in the Northern Cape Province, Republic of South Africa that consists of one New Order Mining Lease. Oena is a producing alluvial diamond property. Oena is approximately 8,800 hectares in size and covers a 4.8 kilometers (kms) wide strip along a 15 kms length of the lower Orange River. The property has two separate and distinctly different aged diamondiferous bearing paleochannel gravels: Proto-terraces and Meso-terraces. Its subsidiaries include TGV Resources (Pty) Ltd, African Star Minerals (Pty) Limited and GAH Mining (Pty) Ltd.


TSXV:SML - Post by User

Comment by jngolferon Nov 07, 2019 5:04pm
67 Views
Post# 30324109

RE:RE:RE:This stock is toasted

RE:RE:RE:This stock is toastedFacBine, sorry but I think you got the math right, but you did the opposite of what actually takes place when there is a share roll back/consolidation.  I'll explain. A reverse split takes multiple shares from investors and replaces them with a smaller number of shares in return. The new share price is porportionally "HIGHER" leaving the total market value of the company unchanged.  For instance, say a stock trades at $10 per share and the company does a 1-10 reverse split. If you own 1,000 share --- worth $10,000 at current prices --- you'll get 1 new share for every 10 old shares you own or 100 new shares. The stock price will rise tenfold to $100 per share. This transaction leaves investors a smaller position still worth the same amount. One of the main reason sa company does this is to get the stock price up so it won't be delisted. The transaction isn't a good look for the company, and it actually allows short-sellers to be able to borrow new shares and keep betting against the stock.  Thus driving the share price down by the Bumpers and dumpers!  
<< Previous
Bullboard Posts
Next >>