You may be right Jophda but hell what the heck. Keep the pressure up folks......I for one will keep sending my weekly email demanding a change for shareholders and yes, there does seem a hint of a change in their language. I would say the most encouraging in my more than 10 years invested in this company. Fingers crossed....keep pressing guys.
Keep in mind that a dividend of 0.005, half a cent would give a dividend yield of 12% (SP .062 cents) costing around 3.5 million. One would not expect this much of a payout of course but a payout of between 1 and 2 million would give the company an attractive dividend yield...investors would take note. These calculations have been done before by me and others.....correct me if I have erred.
Just saying, it would not cost a lot to make a lot of shareholders a hell of lot happier. The money is in the bank......they just need to release it??
Yes the money is in the bank and in the next 12 months it should get to a level that CUE has to take some action. The board has stated that they are not happy with the current s/p (which is the same as when the company was not sustainable) and will assess viable options to deliver value to shareholders. With the large cash build up there appears to be three options (a) share buyback (b) pay a small div (c) move to T/O another company. The board is not very keen on (a) and(b) and shareholders might not be too keen on (c). The ASX appears to be saying oil/gas shares have no future with some companies being at 20 year lows! But wait a minute , at this time big money in the USA is investing A$200bn in oil/gas mergers indicating they still see a long profitable investment in the oil/gas sector. If this is so, many smaller oil/gas companies on the ASX offer outstanding value. Take for example CUE partner CTP sitting at 4.5cents compared to $1.12 in 2008 or even its high of 50c in 2014. As far as I can see CTP are not much different from what they were in 2014(maybe even better) A move by CUE on CTP or some of the many "bombed out" smaller oil/gas listed on the ASX could be a game changer for the company. Summing up IMO the oil/gas sector of the ASX is prime for merger T/O activity and this may be the route that CUE board are looking at to create shareholder value.