Thanks for doing these calcs. IMO the only reason they might want to increase their cash position is to fund the additional farms that they have flagged. Other than that, you would think they would want to reward shareholders. Imagine a 2c special divvie. Wouldn’t that put a rocket under the SP.
Not a chartist by any means, but this has been trading in such a tight range for the past couple of weeks (15c - 16c). That suggests to me that there’s plenty of interest on the sidelines, and that no one is willing to give this away cheap.
I think if we breach 16.5c today and close there or above, then this moves to 20c quickly.
ATP Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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