Rather than distribute a dividend and retain some of the cash to pursue further opportunities, I would prefer to see all the cash distributed and the company wound up.
Its much too tempting for management to guarantee themselves a nice salary for several year just depleting the cash without putting effort in.
After selling the Pilbara assets, they are a fundamentally different company to what people invested in, so if they want to pursue other opportunities they should start a new company and go to the market to fund that new company. Wind up VXR.
VXR where is it heading?, page-16
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Last
$2.31 |
Change
0.010(0.43%) |
Mkt cap ! $638.7M | |||
| Open | High | Low | Value | Volume |
| $2.30 | $2.37 | $2.29 | $326.5K | 140.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 2109 | $2.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.32 | 2971 | 9 |
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| Last trade - 13.41pm 10/10/2024 (20 minute delay) ? |
| DVP (ASX) Chart |