The problem your not actually seeing even though it stares you in the face each quarter is that SGI are constantly borrowing to keep the lights on. With POG at $3000 they still borrow, but why are you quoting $3000 when you bagged CYL for using $2800 in their announcement for plutonic lol. You really need to reread your own tripe mate.
If you don't see a problem with constant debt, I'm really concerned for your investment strategy.
In saying you want CYL to come back with an appropriate offer, what are you basing it against, if its such a bad offer, why wouldn't their be another offer from another company, especially considering the amount of M&A going on ATM.
The market decides its worth, and as you keep pointing out CYL is down 65% from its highs you say, but SGI is down a considerable amount more, you would be happy if SGI were only down 65% wouldn't you??
GLTAH
DYOR
Ann: Half year accounts, page-58
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Last
$2.92 |
Change
0.080(2.82%) |
Mkt cap ! $659.2M | |||
| Open | High | Low | Value | Volume |
| $2.85 | $2.94 | $2.83 | $3.187M | 1.105M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.92 | 2764 | 1 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| CYL (ASX) Chart |