RE:RE:RE:Share Consolidationssw248, it is unlikely anything posted on Stockhouse has much influence on a shareprice with the exception of maybe a few retail investors. If anything tax loss selling perhaps has mildly crept in, but the shareprice has held up really well on low volume this past month.
Simply put, those who believe in this exciting story are holding, and those who dont, are likely watching from the sidelines until further mine progression takes place.
When junior mining companies rely heavily on financing year after year with no revenue stream, eventually the share count gets to a point where it becomes a burden for future large investment.
Gensource has not had any splits since it changed names from Gensource Capital in July 2013, so 9 1/2 years of surviving on various financing vehicles is very impressive, but now there is 420 million shares outstanding. This can obviousy affect future financings as deep pockets are very aware of all the possibilities.
To put it in context, the worlds largest potash producer Nutrien has 520 million shares outstanding, so conversations are likely taking place around the boardroom table about the corporations options.
The good news is the boardroom is filled with very experienced potash folks who hold a lot of shares, so it will be interesting to see what solutions they are able to come up with in 2023.
In my experience consolidations directly followed with good news tend to hold up really well. Splits that dont follow with good news usually dont fare as well.
Recent case in point - HEXO announced consolidation on Dec 14th, and since that announcement the share price has not held up to the post consolidation shares price.