Firstly I mention that I have a sizable holding in both CEN and RUM.
It is a directors basic responsibility to ask at every decision point, 'what is best for shareholders?'
IMO CEN directors are solely thinking of themselves and the annual fees they enjoy.
Further I don't have confidence in their technical, or commercial ability to take CEN's projects forward without massive S/H dilution.
RUM directors are proven performers, technically and commercially so I will be very pleased to see the T/O succeed asap.
The T/O will result in much reduced ASX and compliance fees which I guess amount to about $400,000 per year – a nice saving!
Let’s get the deal done.
do the deal
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Last
$8.22 |
Change
-0.310(3.63%) |
Mkt cap ! $2.105B | |||
| Open | High | Low | Value | Volume |
| $8.53 | $8.53 | $8.21 | $54.22K | 6.459K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 861 | $8.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.60 | 1100 | 1 |
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| Last trade - 13.28pm 19/06/2024 (20 minute delay) ? |
| CEN (ASX) Chart |