How does a CFO develop a budget against an Application they don't have or a Saudi deal that doesn't exist. Trick question- he can't without relying on "make belief". Clearly the budget is purely for corporate overhead alone. If then it's true that ASX requires them to spend more than these projects will require, then clearly they have too much cash that they have no economic purpose for so...just return the surplus cash to shareholders. Clearly they have no use for the extra cash other than for retaining staff and board and junkets to Eritrea and Saudi. I haven't even opened the pub door and it's not passing.
I came across previous articles on * "The National Stock Exchange of Australia (NSX) has historically faced challenges with liquidity. In 2018, the exchange reported 933 trades totaling $14.4 million. By mid-2019, there were 283 trades amounting to $2.4 million. * In 2021, the NSX had 50 listed companies, with 30 actively trading that year. The total number of trades in 2021 was 975, indicating thin trading volumes".
And the NSX is the best value for shareholders? Good luck trading out at these liquidity levels it will take years to sell out.
This looks like another intentional step to not return cash to shareholders. Time for the leadership to go, NGE you interested?
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