Post by
Ptraum1 on Feb 24, 2021 10:06am
reverse split
Shylock's post is spot on. Reverse splits are a terrible idea. The stock will do even more poorly. Focus on getting more royalties and supporting the share price above a dollar.
Comment by
Stocks6427 on Feb 24, 2021 1:09pm
I agree but my point is that this is no longer a choice. It's on the books to happen in q2/q3. One certainly needs to evaluate before purchasing more. I personally don't like it in the current gold climate. Jmo
Comment by
ruffus23 on Feb 24, 2021 10:24pm
Reverse split is good for producers. Not good for explorers. As we are cash generating I put us in the producers category. This is very good news!!!! Tgz, Edv, eld, vgcx all successful post consolidation. Consolidation used to be frowned upon but not anymore if you're a producer.
Comment by
ruffus23 on Feb 25, 2021 9:49pm
Difference is producer (good) vs. Explorer. (Bad) Please find me an example of a producer that did a consolidation Please find me an example of a producer that did a consolidation And did poorly after.
Comment by
LowtoHigh on Feb 26, 2021 10:23am
Yup, I think I'm out. Not worth waiting 4 years when that money can be used elsewhere. This one is done and my bad for jumping in without doing proper DD.
Comment by
Lowcapmocap on Feb 26, 2021 10:25am
Also for those saying reverse splits are guaranteed to fail look at Metalla and Abitibi royalties, they both did it and they're shares have been doing great (Metalla with the appreciation, Abitibi still doubling while increasing dividends and carrying out share buybacks)
Comment by
ruffus23 on Feb 26, 2021 12:53pm
Edv, tgz, eld, vgcx and krr Have all done well since post consolidation. Someone find an example of a producer that's done poorly?
Comment by
colt45acp on Feb 26, 2021 2:22pm
Ruffis you have not given data ,your giving your opinion on your stock picks and why you think they were all winners. Had they not R/S most likely they would still be winners. jmo.
Comment by
ruffus23 on Feb 26, 2021 3:48pm
Colt - possibly but in most cases the bounce was fairly immediate(usually a drop for a day or two). Again many institutions/pensions need a price over a dollar to buy a stock. This creates instant demand.