TBA To Be Advised ??????
Who wants to have a dividend when they can buy shares at these prices !
To put the SP in perspective I sold a 1000000 shares of CE1 not very long before the long trading halt before the deal that resulted in the present operating assets .
The price was at 1.1 cents or the equivalent 22 cents post consolidation .
With hindsight that price may have been inflated by Market knowledge of the deal but still we are a completely different company than we were at that time .
Ultra low energy prices especially gas , a single stranded asset in the Montney a dormant M & A market but a significantly higher SP than now ?
Even the SP of the large capital raise to do the deal at 14 cents is not much below the present SP .
Change the broker instructions and front load the buy back !
If I see another sponsored analysts report spruiking a target price of 70 cents I will puke!
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- Ann: ASIC Form 484 buybacks to 27 June 2022
Ann: ASIC Form 484 buybacks to 27 June 2022, page-8
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