Yes in some respects today's announcement is not much in terms of news that we couldn't have worked out last week. Although in the last couple of months things had been moving slightly slower than I was initially thinking, so the official announcement today at least confirms the payment isn't too far away.
Shares bought recently should still offer quite attractive returns from where they have traded. Even though I have a fairly decent position for me I was giving a bit of thought to buying more recently.
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Ann: Strategy Update - Proposed Asset Sale, page-23
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
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