Purpose of the Share Consolidation
The Board believes that it is in the best interests of the Corporation to reduce the number of issued and outstanding common shares by way of the Share Consolidation. The potential benefits of the Share Consolidation include:
? Greater investor interest – a higher post-consolidation common share price could help generate interest in the Corporation among certain investors. In particular, a higher anticipated common share price may meet investing criteria for certain institutional investors and investment funds that may be prevented under their investing guidelines from otherwise investing in the common shares at current common share prices;
? Improved trading liquidity – an increased interest from investors may ultimately improve the trading liquidity of the common shares; and
? Reduced price volatility – an anticipated higher post-consolidation common share price could result in less volatility in the price of the common shares.
Is something a foot? ...and no it’s not 12 inches! 1.3m shares traded showing after close. UT of 3m Volume today of 5.6m Been awhile with such large buys after close and I don’t mean the UT. Must be time for the next move in this chess game.
Thanks Coldcut.
Liked this. 200,000m now drilled.
Over 200,000m of diamond drilling has been completed on the project. With 10 rigs currently active on the project, SolGold produces up to approximately 10,000m of core every month. SolGold continues to be encouraged by recent drilling results, which are expected to further expand and enrich the existing resource base at Alpala. The Company is also excited about notable drill hole results outside the previous resource area which promise further growth for the 2019 drilling campaign ahead.
Asia-Pacific Mining Exploration Executive of the Year
https://asia.minesandmoney.com/awards/
2-4th April
Solgold exhibiting 8th-10th April
Https://events.crugroup.com/copper/exhibitor-profiles
He will be presenting at PACRIM on 5th April
https://ausimm.eventsair.com/QuickEventWebsitePortal/9403-pacrim/event-info-site/Agenda/AgendaItemDetail?id=aa947157-e663-4493-89a7-0281e56e0a11
If this takeover of Cornerstone happens by SolGold the number of shares increases because we would be a larger company owning the extra Cornerstone prospects. This will enable BNP and Newcrest to buy more shares to keep their share of the company under anti delusion rights. If these are new share this will also raise money for the company.
Question: Would they have to buy in the market or could SolGold issue new share to them?
Also:
Talking about Solgold and the rest of the DGR stable of companies. Nick is more than just Solgold. Busy man! https://m.youtube.com/watch?v=5WfKjwC8QRQ&time_continue=4