Why did we only receive $8,000.00 interest on the cash?
With interest rates increasing we could get over 4% on $20,000,000 which could get $200,000 a quarter.
The other $10.000,000 could be used for expenses.
The interest could be used for a small Buy Back , now the Oil price is over US$85 it would be easy for Management to start the Buy Back.
A Buy Back would help Shareholders and could help the share price.
It is hard to understand we borrow at approx 25% interest rate and loan Management over $1,000,000 at 3% which they do not have to pay if the share price is low in 2 years time.
Why did we only receive $8,000.00 interest on the cash? With...
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $57.27M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $4.16K | 335.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 15481980 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 21978053 | 33 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| BRK (ASX) Chart |