I think a 1 cent divvie would be appropriate and it reward shareholders handsomely.
Another possible consideration as well could be to offer to buy back non marketable share parcels totalling about 1/2 a million shares or so. These are most likely shareholders that invested in SAU several years ago and their holdings went below the saleable threshold of $500. Spending 150K on buying these guys out seems the right thing to do, given the circumstances of having the cash to do so.
The divvie and buyout would cost about $600K.
Ann: Cannon 6th Processing Campaign Results, page-5
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ION (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.443M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $1.822K | 202.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 450000 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 2912976 | 5 |
View Market Depth
| Last trade - 10.31am 26/07/2024 (20 minute delay) ? |
| ION (ASX) Chart |