Surely directors have an obligation to create value for the shareholders, the owners of the company. Clearly their current endeavours are not creating shareholder value at all. The best way we the owners of the company can get some value is through a return of capital to shareholders. Of the $17 Mill in the bank, VML should return $10 Mil to shareholders. This would equate to paying us 0.6c per share in cash and it would be tax free. The company would still retain around $ 7 mil to advance its projects, which is still an enviable cash position for a junior mining company.
Capital return
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add VML (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $14.73M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $40.75K | 16.27M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 89 | 100917298 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 19018376 | 39 |
View Market Depth
| Last trade - 15.57pm 28/06/2024 (20 minute delay) ? |
| VML (ASX) Chart |