I dont think they will pay any dividends , and suspect they think they will get voted back in due to the number of large long term share holders votes.
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Their is uncertainly regarding the spill over vote and if a new board is voted in what will they be like, will they dilute.. this uncertainty is not good for share price.
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If the board gets voted back and keep opening wells like they have done recently then they have a real potential to grow revenue through re-investment. The current wells earnings should double cash holdings within a year, and maybe share price might follow keeping enterprise value 0.
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Im still confident that if the bourd gets voted back in then the share price will rise due to cash holdings alone.
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A dividend paid though will accelerate the process and P/E ration might become relevant.
Thats my 1.4 cents worth
I dont think they will pay any dividends , and suspect they...
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $6.159M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $1.125K | 125K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3599990 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 1149472 | 4 |
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| Last trade - 10.08am 02/08/2024 (20 minute delay) ? |
| SHE (ASX) Chart |