The chairman Robert previous venture ASXMG) paid off very handsomely for investors,
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After a large accumulation of cash reserved around 130million from memory, 95% of this was returned to shareholders.
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Took a while, but over that period share price went up tremendous amounts on the promise of returning profits to shareholder
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i cant remember exact figures but it went from a low of 0.0005 to something like 0.03.
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They put it to a shareholder vote of whether to return capital to shareholders or keep it in the company.
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That validated The Chairman during the due-diligence search on SHE bourd.
Ann: Quarterly Activity and Cashflow Report, page-25
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Mkt cap ! $6.159M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 100000 | 1 |
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