If they get voted back in nothing will change and the share buy-back and the capital return won't happen IMO. They are planning on the run in a reactionary way. Based on their own figures Miller will be able to return a minimum of 12.6 to 13.5cents cash and we will wait to see what he does with Kitumba.
My guess is that without the current board and with an immediate cash return of between 12.6 to 13.5cents and putting Kitumba on C&M pending its sale or JV the share price will trade in the 3 to 5cent range until the Kitumba asset is resolved. If Miller can achieve a good outcome on Kitumba total return of about 20 to 25cents maximum within the year IMO.
Eshmun
DYOR
Ann: Letter to Shareholders/Company Update, page-3
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35.5¢ |
Change
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Mkt cap ! $204.3M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 36.5¢ | 35.0¢ | $214.6K | 602.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20275 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 25000 | 1 |
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