HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Free
Message: Get Ring of Fire moving!
Reply New Message
Prev Message Back To Forum Threaded View Next Message

RS of 10:1 seems to be a useless endeavor IMO.

ANL....no argument from me there.Reverse split is in my opinion nothing

but thinly veiled transfer of wealth from small shareholders to large ones

(Promoters etal).Murray Pezim would do a reverse split even before float

reached 8 to 10 million shares, then more option were issued.Some time

large companies like City group woul do it as a last resort in order to

stay above treshold price required for listing on the exchange ie NYSE.

Or it is the last gasp effort as was Nortel,s.

One thing is sure RS does not create value for average shareholders.

GLTA,

Fossil

5 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply