With the help of my broker I was able to have a Tel/Con with Richard Tacon this morning. He was very open and I must say I have come away most re - assured on many levels
I have previously suggested that a consolidation might be a part of the capital management initiatives under consideration; as a result of this mornings chat I would like to go on record that I no longer believe this to be the case.
It seems R T's preference for capital management are (and yes it's been said before).....
A dividend!
and also.....
Getting some institutions on the register
Strategies to increase volume
Maybe even a share buy back
But least considered of all the suggested outcomes was a consolidation
Any hows just to set the record straight and admit I was wrong
regards
Viney
BRL Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
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