Richman - How can you possibly expect them to have the same path forward as at the point where they were on the cusp of merging with a coy that was to be producing at a rate of over $50m per year? Good luck finding another opportunity like that for the same outlay. Yes, Cara - by all accounts (ASX releases and media reports) the whole thing fell over because Purcell wanted a board seat.
That investment is still up 500% - I don't know about you, but a simple market fluctuation on the eve of significant drilling is merely a blip. Management have clearly detailed what the Byron investment is worth at each quarterly report and I think it would be naive to expect them to report on every movement. Short term weakness in the BYE shareprice is a good thing, given that con notes can be converted in 17 days time at a 10% discount to VWAP. I don't know about you, but I don't see BYE being anywhere near this share price in 6 months; given their cash flow and drilling prospects.
Back to the question - what would you have them do differently??? Anything constructive, or just whinge? From your post you'd like a divestment of the asset that has generated a 500% return - anything other than that?
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Richman - How can you possibly expect them to have the same path...
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Mkt cap ! $4.592M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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7 | 6380498 | 0.2¢ |
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Price($) | Vol. | No. |
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0.3¢ | 10843632 | 8 |
View Market Depth
No. | Vol. | Price($) |
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7 | 6380498 | 0.002 |
12 | 40390996 | 0.001 |
0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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0.003 | 10843632 | 8 |
0.004 | 3847000 | 5 |
0.005 | 1000000 | 1 |
0.006 | 311675 | 1 |
0.008 | 100000 | 1 |
Last trade - 09.59am 31/07/2025 (20 minute delay) ? |
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