How much do you have tied up and when do we think we'll get a RTO, page-36

First 36 Last

Share
Profile

Follow
tradesurfer

10,074 Posts.

631

21/04/21

12:43

Post #: 52619391
Share

Originally posted by share_time: ↑

I don't share your concerns.

Cairns and Carter take a pittance compared to others in their position. See below from Annual Report. So they are hardly covering their investment via their wages. They are heavily in here, its my belief they will make something happen here and it will most certainly be in the interest of holders.
View attachment 3117227

I believe the admin costs should decrease as costs associated with the disposal of Chant West and Enzumo have all been taken care of now.

The sub-holders who sold out were the former Founders/Owners/Directors. They stuck around for the cash distribution and then ran for the hills. If you go over the announcements far back enough, you might get the idea that the founders may not have been too happy with the new direction Cairns and Carter were taking the company and the sale of the very business they had put so much of their lives in to....It was a bit of a parting shot the way they offloaded their shares, a big F you on the way out the door. Better they are gone, cleared and tightened the register.

We may slip under a million but so what? Would you prefer they sign a shitty deal because your patience has run out?

I note they look to still be holding the AFS licence which it was my understanding they were looking to offload, so maybe an RTO in the financial sector is till on the cards otherwise we still have some cash to come in from the sale of that.

Expand

A AVG deal in a great spec market is better than an excellent deal in a dead specmarket its all about timing ....

Money becomes a problem if markets turn to ..... it becomes harder to raise = bigger discount....

Admin costs are high for being in suspension...

Just my thoughts and my opinion....

Will eagerly wait next news....

Patience well its been the best spec market for well over 10 years so makes me wonder what is coming ....

CWL Price at posting: 3.7¢ Sentiment: Hold Disclosure: Held
3 Upvote

1 Great analysis

Reply

Top Stories

ASN

Utah authorities sign off on Anson's lithium extraction plans at Green River

MKG

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

MLS

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

VUL

Vulcan appoints investment bank and M&A veteran to board

MM8

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

NAM

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

AZY

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

ENV

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

There are more pages in this discussion • 10 more messages in this thread...

First 36 Last

Add CWL (ASX) to my watchlist

How much do you have tied up and when do we think we'll get a RTO, page-36

Top Stories

Utah authorities sign off on Anson's lithium extraction plans at Green River

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Vulcan appoints investment bank and M&A veteran to board

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Featured News