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Re: Macaveli post# 14848

Tuesday, 07/18/2017 11:09:35 PM

Tuesday, July 18, 2017 11:09:35 PM

Post# of 25063
I personally would be surprised if they mentioned share structure now. My guess is that they will wait to see the profit potential of this mine so they can determine the amount of capital they will need for additional permits and mines going forward.

If the mine is very profitable and management wants to get a better handle on reducing outstanding shares, the reverse split ratio will not have to be as great as less new shares would have to be created after the reverse split to raise capital.

If the mine is profitable, share price will rise nicely on a percentage basis before any potential r/s will happen. Those investing/speculating now will do very well. Let's just hope there is a lot of coal to be mined.

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