The board will need to answer to the shareholders at the AGM, in particular:
HSBC Custody Nominees 26.30%
Citicorp Nominees Pty Limited 19.25%
Kintara Ltd 10.71%
JP Morgan Nominees Australia 8.33%
HSBC Custody Nominees 3.73%
I believe the business model is sound, and that the company now just needs runs on the board that benefit shareholders. Looking at the numbers it seems entirely possible within the next 12 months to initiate a small div payment funded from free cash flow, and divert some funds to a share buy-back. Buying back your own stock at 1/8 of the value makes good sense to me...
The JSE listing will be great for Mintails IMO. Giving the locals with first hand knowledge of the operation the opportunity to buy-in on market can only be good for the SP.
BTW I would like to know what happened to BlueBay International who held 22% stake via Credit Suisse... they dont appear on the major shareholder list these days?
fundamentally oversold, page-3
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Mkt cap ! $5.938M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 1908000 | 0.4¢ |
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| Price($) | Vol. | No. |
|---|---|---|
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