Me personally I would love to see the final payout they will receive when the takeover has been completed. If and when that is. And, IMO, I really hope that it will not reach that stage.
As I said in a previous post of mine, I don't like it when the Boards do backroom deals, as it is the usual that shareholders aren't faring very well.
Now, take the cash on hand that we have, the money that SOL is due to pay us for the default of one of their own companies, the ongoing income that we receive from other mining ventures that we we have, and you would soon realise that, all the tenements and other assets including plant etc., have not been allocated any value at all. They are in fact all freebies thrown in with the deal.
Yeahhhh, the Board have been doing a very good job looking after us in that "Backroom Deal". NOT!!!!!
IMHO, the only possible way of giving this a chance of success, and with full shareholders support, it would be to distribute all of the cash that we hold back to the shareholders as fully franked special dividends.
Anything less than that, it would suck!!
What is the hurry for the Board to sell out anyway. After all we have an ongoing income, and we have hoodles of cash with no debts.
I am at a loss here.
I have been holding on to EXS since Adam was a little boy and he was still wearing nappies, and I was expecting much more than this in return.
Buddy pe...d off?? You bet???
Good luck to all. Buddy
EXS Price at posting:
26.0¢ Sentiment: Hold Disclosure: Held
