I do not think nonsense to bring up reverse split at this time for the following reasons : I do think the company needs to raise money and this will boost the outstanding shares, sooner rather than later, and this will keep pressure on price. Company will need a higher price to open up new potential investors and private placements- it has a DTC chill and that compared with the low stock price makes it harder for potential investor to participate in a private placement.
I actually agree with you next year if they re-open the mill, operate at a profit, and present a credible development plan for the mines they have under contract, this could be a $2 stock. he problem with recovering after they start producing revenue is how many shares they need to issue to get to that point. I just believe now after reviewing all the comments to questions I have asked etc, it is more likely profitable revenue wont occur at best until the 1st quarter 2014.
I guess time will tell whether "nonsense", just as time will tell whether "nonsense" the company can achieve its objectives of september production with $5,000 in the bank.
Guess I just think story is better than many might think, that is why I think bigger issue than everything is management IR ability.Just my opinion of couese, and those who can point to solid IR performance and steadly rising price over time etc can of course correct my impression.
AI
