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.
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$8.25 |
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Mkt cap ! $2.113B |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 1209 | $8.25 |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 135 | 7.950 |
1 | 320 | 7.900 |
1 | 3000 | 7.820 |
1 | 65 | 7.800 |
Price($) | Vol. | No. |
---|---|---|
8.600 | 1519 | 2 |
8.720 | 891 | 1 |
8.900 | 8 | 1 |
9.000 | 50 | 1 |
9.500 | 70 | 1 |
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