CXM
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7.69% 3.6¢ centrex limited

'A significant portion of the cash reserves held in the Company...

  1. nicto
    1,214 Posts.
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    30/11/12
    00:22
    Post #: 11128034
    'A significant portion of the cash reserves held in the Company are not committed to current projects or programs assuming that equity and debt to develop our joint venture iron ore assets are raised as part of project financing decisions. Accordingly, your Board is undertaking a review of possible capital management initiatives. Shareholders will be updated in due course.'

    Just found this in the latest AGM preso. To me it means either a share buy back or dividend.

    Any other suggestions?
    CXM Price at posting: 18.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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3.6¢ 		Change
-0.003(7.69%) 		Mkt cap ! $30.85M
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3.6¢ 3.6¢ 3.6¢ $12.91K 358.6K

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