Australia's largest stock trading and investment forum Australia's #1 stock forum

CHZ

Click for more information

0.00%

10.5¢ chesser resources limited

I don't think management will change the cash return of 15c as...

First 2 Last

Share
Profile

Follow
Seth Davis

8,173 Posts.

2592

15/09/14

16:44

Post #: 13977088
Share

Originally posted by pinetree ↑

Announcement on 3 September 2014 : "The Directors intend that the Company will make a cash return of up to A$0.15 per share to shareholders ... " and "... The intended cash return of up to A$0.15 per share assumes the US$ consideration is converted into A$ at an exchange rate of 0.9340. The actual cash return paid will be dependent on the A$:US$ exchange rate at which the Company is able to convert the US$ consideration into A$."

So, for exchange rate of 0.9340, cash return is A$0.15/share.
Now, the exchange rate is below 0.90, then the cash return would be A$0.155/share

It is amazing when CHZ share price now is A$0.15/share

DYOR

Expand

I don't think management will change the cash return of 15c as flagged (happy to be proven wrong), I believe they'll just keep the extra cash in the remaining shell.

CHZ Price at posting: 15.0¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

STX

Strike Energy secures $153 million for Perth Basin gas projects

SBW

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

AML

Cultural heritage agreement puts Walford Creek exploration back on the map

RDN

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

There are more pages in this discussion • 5 more messages in this thread...

First 2 Last

Add CHZ (ASX) to my watchlist