Bullboard - Stock Discussion Forum Southstone Minerals Ltd FDGMF

Primary Symbol: V.SML

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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... see more

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TSXV:SML - Post Discussion

Southstone Minerals Ltd > This stock is toasted

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Post by FacBine on Nov 06, 2019 2:00pm

This stock is toasted

so after the roll back the SP is under 0.01 cent ....

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Comment by jngolfer on Nov 07, 2019 10:38am

FacBine - don’t know who your broker is or what you were drinking at 2:00 pm; but the stock is 0.09! You might want to take a look again.

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Comment by FacBine on Nov 07, 2019 12:21pm

basics mathematics: pre-consolidation this stock is at 0.009 of a cent, which is under 0.01 cent.

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Comment by FacBine on Nov 07, 2019 2:10pm

It looks like we going down to 0.005 of a cent...

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Comment by jngolfer on Nov 07, 2019 5:04pm

FacBine, 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 ...more

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Southstone Minerals Ltd