I’m not an expert, but I have seen other companies that have sold a tenement with a fresh DFS and good outlook & shareholders got a “special dividend”.
It is assumed that issuing a special dividend to shareholders would help minimise high tax obligations associated with a successful compensation payment to AEE. This would boost the share price short term
Otherwise, having some more oversight on the board of directors, such as Preemptive who is a major investor, would help make wise decisions. This could include possibly investing in another project as a major partner, with near term cash flow & may possibly offer some tax deductions.
Anyway let’s not count our chickens before they hatch .
ECT Case Stats, page-8
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Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $110.9M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.8¢ | 14.0¢ | $154.8K | 1.071M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 140725 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 90885 | 2 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| AEE (ASX) Chart |