With another 2.1m traded yesterday, and the price basically remaining around that 11c-12c range, it continues to add to the debate about who is buying, or possibly accumulating.
Realistically, we should only be a matter of days until we get notification as to what the sale process/proposal will entail. The board want us to accept the offer, so are they using greater forces to keep the SP at this level to make the sales proposal look appealing?
Like the rest of us, I am throwing ideas around. Maybe we are looking at a special dividend of around 14c-15c, which would be around 20% on top of today's current prices. A 20% premium would sound appealing, and would be closer to a 100% for those that participated in the CR.
a special dividend of 15c would still see a significant amount left in the bank for Chile, and any other projects moving forward. The SP may drop to low single figures after that, but it could be an offer that please some (based on today's figures).
GLAH
With another 2.1m traded yesterday, and the price basically...
-
- There are more pages in this discussion • 141 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)