The consolidation provides a higher SP with fewer shares on issue which delivers more prestige and improved image. No longer looks and smells like a penny dreadful regardless of the MC. Many brokers are not permitted to buy stocks at prices below ten cents, 20 cents etc. The consolidation opens MPJ up to more investors. The name change is integral to the makeover. Some cynical views are that this just makes it easy to run another CR, and while this may be in part true, it's also part of preparing the way for SP increase supported by drilling success. My opinion is management are expecting lithium drilling success and the consolidation is instrumental in maximising SP increases in coming months.
MPJ Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
