The junior mining sector has been weak for months now. So mgmt exacerabtes Exn's problems by announcing a consolidation at the worst possible time, after all, we don't need this consolidation to raise funds, and the size of the reverse split is totally unnecessary.
Now, POG is in a downward spiral - for how long? a week? 2-3 months? Will Gold hit $1350?, $1100?
Suggestion to mgmt - rethink the size of the share consolidation - (1:2) and clarify your position before shareholders are asked to vote.
Wise mgmt quickly reacts to changing external factors, and reverses course.
WB