Kentgrove have so many options here to unlock value
A share buy back or capital return would certainly kick it into gear
If they were smart though, they would make a play at a T/O, I'm sure if they were to pay a 50% premium (over the cash, being $7.5M) they would easily source funding as it buys 80% of the asset suite, which has cash potential of $47M, drill rigs, 2 wholly owned tenements and unlimited petroleum royalty
This won't hang about <2.5c for long IMO
Ann: Proposed Extraordinary General Meeting, page-30
Add NGE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.16 |
Change
-0.020(1.69%) |
Mkt cap ! $41.24M | |||
| Open | High | Low | Value | Volume |
| $1.16 | $1.16 | $1.16 | $6.738K | 5.809K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4000 | $1.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 17191 | 1 |
View Market Depth
| Last trade - 11.04am 08/11/2024 (20 minute delay) ? |
| NGE (ASX) Chart |