Looks like the retiring of JJ and delay of capital return for three months may somehow be linked.
Could a consortium (involving JJ) come forward in July to take this company private - all they have to do is offer around 1.5 cents per share and the game will be over - maybe that's why the share price is hovering around 1.2 cents (a 25% premium will do the trick). The company shares must be worth at least 2.5 cents (insiders must have done the various calculations) - a nice little $50m profit.
Ann: Otto Provides Update on Timetable for Return of Capital, page-32
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Last
1.2¢ |
Change
0.002(20.0%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $33.64K | 2.897M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 7301826 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 6011024 | 5 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| OEL (ASX) Chart |