the solution is simple.
current situation:
3.5b shares call it 4bn (after some desperate future raisings.
management that have shown themselves to be unable to run a chook raffle.
So do a 10:1 consolidation. back to $400m shares. It maybe will hold 1c sp post consolidation.
sell or relinquish all tenaments. (But I'll bet that we cannot sell anything.)
Reduce expenditures to an audit + accounts + an annual meet. $30k pa.
Hang in there for the Bullabulling royalty stream in 2014 which should be $4m-$6m pa for many, many years.
Distribute all after tax income. should be about 1.2c per share p.a. given our carried forward tax losses of over $40m.
We also should have about $1m in BAB (Bullabulling gold shares)..unless of course mgt have sold those shares previously on the QT.
Now , Mr Purcell will receive(using very rough and ready projections) about $240,000 p.a. in a dividend stream!!. and then he can legitimately do very little for his money!
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the solution is simple.current situation:3.5b shares call it 4bn...
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1.5¢ |
Change
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Mkt cap ! $40.54M |
Open | High | Low | Value | Volume |
1.8¢ | 1.8¢ | 1.4¢ | $526.5K | 33.87M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 2858030 | 1.4¢ |
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Price($) | Vol. | No. |
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1.6¢ | 832351 | 2 |
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No. | Vol. | Price($) |
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14 | 2858030 | 0.014 |
8 | 2069999 | 0.013 |
7 | 2220221 | 0.012 |
4 | 1399908 | 0.011 |
7 | 1148352 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 832351 | 2 |
0.017 | 1228266 | 4 |
0.018 | 1760389 | 4 |
0.019 | 417500 | 3 |
0.020 | 1222576 | 3 |
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