RE:RE:RE:RE:RE:Creative News Releases is NeededI've been through a few consolidations where the underlying asset value is grossly under appreciated as a penny but post consolidation , they open higher and then move upwards to new highs consonant with material developments .
Firefky is a great example, consolidating at 45 cents and now about $1,20.
One explanation. Might be that there is a deal in the works such as a merger subsequent to which the Combined entity consolidates 1 for 10.
As a raw example ,it might be to acquire a cash rich penny like LAB, the combined shares o/s is then consolidated 1 for 10.
Now, having said that, LAB has been talking about a deal / arrangement which it expects to close in Q1 of 2025.
Probably unrelated, but cash is hard to raise these days.
Of course Firefky is sitting in the wings , with current copper production capacity about the same as
Rambler ...8000-9000 tons ..but less than half of the revenues generated by 60,000 ounces of gold from HD.
You all know my opinion on that nuptial..