If they have a high IRR use for the funds then happy for them to use that. Just let me know or otherwise have a liquidity hurdle and return cash over that. Otherwise I'd rather have the franking credits. GRR owes me nothing - between divs and trading profits I have good holding that cost me negative . I've said this before but I'd actually prefer at these IO prices they spin SD off into a new vehicle, give us all shares (and put an asset with v different risk profile in a separate vehicle) and seek a takeover offer from a major for cash and a solid royalty right. Lots of company's out there with good royalty streams that do v well and don't really have costs.
The one thing I really hope they don't do is try buy out the other SD parties at the top of the market. That would be bonkers IMO.
DYOR
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Open | High | Low | Value | Volume |
31.0¢ | 32.3¢ | 31.0¢ | $465.1K | 1.472M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 131681 | 31.0¢ |
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Price($) | Vol. | No. |
---|---|---|
32.0¢ | 28097 | 3 |
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3 | 131681 | 0.310 |
5 | 558014 | 0.305 |
16 | 261531 | 0.300 |
4 | 80827 | 0.295 |
11 | 339741 | 0.290 |
Price($) | Vol. | No. |
---|---|---|
0.320 | 6948 | 1 |
0.325 | 44880 | 2 |
0.330 | 293796 | 5 |
0.335 | 125527 | 2 |
0.340 | 96235 | 5 |
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