Shareholders should never vote for management and board incentives that are not directly linked to shareholder wealth .
Higher production can be achieved by raising more capital or by the company taking out debt .
Neither of these things are necessarily in the best interests of shareholders .
CE1 took out debt with its attached toxic hedging requirements and did a surprise credit raise in the process of the drilling that achieved the production hurdles that got the rights vested .
In that process the share price has more than halved .
" Show me the incentive and I will show you the outcome ." Charlie Munger .
It is a pity that retail investors seldom vote at Annual Meetings .
Shareholders should never vote for management and board...
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.334M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 1.0¢ | 0.8¢ | $66.23K | 7.434M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 16074018 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 3293336 | 12 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| CE1 (ASX) Chart |