The consolidation does not concern me at all. We are currently valued at .6 of a cent/share with a market cap of 12.26 million. Each change of .1c in the share price changes the market cap by 2.43 million or 16.66% of the company value. I would always be a bit careful buying if my purchase moves the value of the company by those sorts of amounts. (ie, I don't want to be the one to push it to up, I'd rather sit at .006than bid the .007). Post consolidation we will have one tenth of the shares on issue and would currently have a market price of 6 cents/share. The shares would still trade in .1c increments. Each .1c move would only represent a change in market cap of 243k or 1.66% of the company value. This would seem to be of little import, but I FOR ONE, LOOK AT THE MARKET CAP AND NUMBER OF SHARES ON ISSUE BEFORE INVESTING.
The real mover of share price is... DO WE HAVE IT? If we have either lithium or gold in reasonable amounts then the sp will go up. If we have either in large amounts then the sp will go up more, and if we have both at bonanza grades then WATCH OUT! If we don't have anything then the sp will go down. That is the real story here.
I am not greedy but I like a lot.
Cheers
Neptune
MPJ Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
