Yes, we are all here because we can agree there is "value" in SHE at these levels.
But,,,I've said this before - "there's no point holding onto value you can't realise eventually"
I guess where we all have different opinions is on the time definition of "eventually". If SHE is still undervalued at 1.4c in 3 years time, would we consider that a good outcome? What about in 1 years time or 7 years time??
If SHE was regularly paying out a percentage of earnings (like a lot of junior oil co's and coal co's do), then the daily share price becomes a little less relevant, and we go to tracking interim and final dividend rations across the years. They may have a negative EV still at that future point in time, but you won't care because you are directly participating in the free cashflow
Let me rephrase - if SHE declared a 0.3cps dividend in the next quarterly, that would reduce cash balances by $2m. What would this prevent SHE from achieving operationally? My challenge is - this would NOT stop SHE from any of their current operational plans, and would merely represent a prudent allocation of capital for a sustainable long-term business, with current well revenue continuing to be both re-invested in new developments as well as returned to shareholders.
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $7.529M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $880 | 80K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 115004 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.2¢ | 2990692 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 90004 | 0.011 |
8 | 1498719 | 0.010 |
6 | 2501111 | 0.009 |
1 | 120000 | 0.008 |
1 | 160000 | 0.007 |
Price($) | Vol. | No. |
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0.012 | 2990692 | 1 |
0.013 | 2465048 | 4 |
0.014 | 1862857 | 3 |
0.015 | 1952073 | 5 |
0.016 | 666666 | 1 |
Last trade - 11.23am 17/05/2024 (20 minute delay) ? |
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Last
1.1¢ |
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Change
-0.001 ( 10.0 %) |
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Open | High | Low | Volume | ||
1.1¢ | 1.1¢ | 1.1¢ | 158456 | ||
Last updated 11.23am 17/05/2024 ? |
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