SHE 0.00% 0.8¢ stonehorse energy limited

Ann: Annual Report to shareholders, page-3

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  1. 848 Posts.
    lightbulb Created with Sketch. 188
    Also to add to the annoying list - we now have exactly 50% of our entire shareholder base with an unmarketable parcel (less than $500). Refer page 64.

    This needs to be a priority to conduct an unmarketable buyback - will reduce total shareholders from 1220 to 610, and reduce admin burden whilst improving earnings per share.
    Total cost of the company to buyback & cancel these shares would be $300k (plus a bit of fees), and would reduce SOI by ~33m shares or close to 5%

    This is a simple exercise to conduct, and can totally be done in parallel to all existing operational plans. Many many ASX companies do this regularly


    Let's gets serious here about capital management - this is only Step 1
 
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