GREY:GPLDF - Post by User
Comment by
ecolo101on Jun 16, 2022 1:10pm
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Post# 34761851
RE:more pain
RE:more pain A reverse split is rarely a good thing. The only one that I remember working well was Eldorado in 2018. A gold mining company. Gold saw it price increasing significantly after the reverse split helping the company transiting well. But shareholders took a lot of pain. GPR is in a worse position with 448.9 million shares outstanding. They need at least 5:1 reverse split to stay away from more delisting. And maybe 10:1 would be better and put the company total share around 45 million shares.
Then management could issue more shares and dilute us again. Never forget that mines have a life expectation. With current situation they can not grow by acquisition, they can just manage more efficiently and so far not good.
glta