I think a 1 cent divvie would be appropriate and it reward shareholders handsomely.
Another possible consideration as well could be to offer to buy back non marketable share parcels totalling about 1/2 a million shares or so. These are most likely shareholders that invested in SAU several years ago and their holdings went below the saleable threshold of $500. Spending 150K on buying these guys out seems the right thing to do, given the circumstances of having the cash to do so.
The divvie and buyout would cost about $600K.
I think a 1 cent divvie would be appropriate and it reward...
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $5.444M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.9¢ | $2.141K | 216.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1030595 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 2806886 | 1 |
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| Last trade - 14.56pm 21/06/2024 (20 minute delay) ? |
| ION (ASX) Chart |