Gosh. I certainly didn’t expect this. I had a lot of faith that the new management would satisfy the independent manager. I’m astonished and very disappointed that they seemingly haven’t been able to.
At the end of the day, I feel confident that the value of the assets held by SGR more than justifies the current share price, even without a casino license in NSW. If there is a bit of a bloodbath upon resumption of trading as a reaction to this announcement, it will hopefully be reversed when minds refocus on the value of the assets.
But this announcement is a scenario that should have been avoided at all costs. Management has a lot of explaining to do. In fairness, we should at least listen to what they have to say.
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45.0¢ |
Change
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Mkt cap ! $1.290B |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 35000 | 48.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.0¢ | 39544 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 35000 | 0.480 |
1 | 1000 | 0.470 |
3 | 74850 | 0.460 |
3 | 3826 | 0.455 |
20 | 175804 | 0.450 |
Price($) | Vol. | No. |
---|---|---|
0.400 | 33784 | 2 |
0.425 | 10000 | 1 |
0.445 | 90804 | 1 |
0.450 | 115112 | 2 |
0.455 | 26485 | 6 |
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