Shareholders should never vote for management and board incentives that are not directly linked to shareholder wealth .
Higher production can be achieved by raising more capital or by the company taking out debt .
Neither of these things are necessarily in the best interests of shareholders .
CE1 took out debt with its attached toxic hedging requirements and did a surprise credit raise in the process of the drilling that achieved the production hurdles that got the rights vested .
In that process the share price has more than halved .
" Show me the incentive and I will show you the outcome ." Charlie Munger .
It is a pity that retail investors seldom vote at Annual Meetings .
Ann: Application for quotation of securities - CE1, page-2
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0.8¢ |
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Mkt cap ! $5.067M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $54.47K | 6.440M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 14015506 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 2562946 | 3 |
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