I was a holder of this for a long time, not any more. they have...

I was a holder of this for a long time, not any more.
they have their tenements for so long and done nothing
tells me it,s uneconomic.
as for the 20-1 reconsolidatin
market cap is 10 million at .004
i think MC should be closer to 2 million
if it happen tomoz equivalent shareprice would be 8 cents with a market cap of 10 million , this is high for a company tha t does not do anything
with $2000 in the bank as they have stated (very high risk of administration also) ie... you lose all your money
they also need to raise capital via a rights issue or placement (typicallybelow thecurrent share price) this will normally force the price to weaken, unless they can pull a rabbit from their hat with a masive discovery.
in short the consolidation will cause you to lose money IMHO