They paid half the cash-backed value of the company to buy back the shares, pretty wild. This was an awesome arbitrage play, but they really need to wind up the rest of the business rather than flying to Saudi Arabia. Hopefully the voting at the AGM reflects this and people at least vote against the renumeration report.
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danakali ltd
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They paid half the cash-backed value of the company to buy back...
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Last
5.7¢ |
Change
0.000(0.00%) |
Mkt cap ! n/a |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
Vol. | Price($) |
---|---|
85900 | 5.7¢ |
Sellers (Offers)
Price($) | Vol. |
---|---|
7.0¢ | 452700 |
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