Post by
philway on Jun 10, 2016 8:18am
Torex does 10 to 1 roll back. Ready for yours?
Timmins has 318 million shares and needs a rollback.
And that means share price will recede post rollback. You will have 1 share for every 10 you hold which in most cases will fall back. That's why insiders are exercising and dumping.
approved a special resolution approving the amendment of the Company's articles to consolidate its issued and outstanding common shares on the basis of one post consolidation common share for every ten pre-consolidation common shares.
Read more at https://www.stockhouse.com/companies/bullboard/t.txg/torex-gold-resources-inc#kstLul1qf9kgLFcw.99
Comment by
jcja on Jun 10, 2016 6:20pm
Alarmist, you need a vacation! Recover your someone sense.
Comment by
cindfx1 on Jun 14, 2016 9:29am
They need a rollback here. 318 million shares is way too much a float.
Comment by
cindfx1 on Jun 14, 2016 9:32am
Torex (or most companies) for example would never be interested in TMM with such a high trading float. They would want a share consolidation first. And before any further financings.
Comment by
Aurum1983 on Jun 14, 2016 2:15pm
As I have said before, I don't think TMM "needs" a consolidation. But a rollback would not be a bad thing for TMM share price in this case and in the current macro environment. It would actually make SP less volatile IMO
Comment by
DEH1 on Jun 14, 2016 5:01pm
I can appreciate Torex's roll back as they have 787 m shares > 2.4 time more than TMM. They produced 38,161 oz au Q1. Currently trading $2.33 TMM expects with Ana Paula to produce 54k oz au per Q currently trading @ $.0.40 Which is the better investment ? Cheers