At the moment, there are many ' good value' cash trapped /under stressed oil and gas assets to be acquired which will come good in mid / long term, just need an astute board to pick and choose the right one and increase SH value in the future.
If they are happy to park the money and earn 3 % interest, they should appoint a group of pensioners to run the company.
If they are waiting for the main ASX to drop to 3000 or waiting for BHP to drop to $5 before taking any actions , they should appoint blind Freddie to run the company as blind Freddie can certainly see value then.
How difficult is it to leave a pot of money to develop the Brazilian oilfield, another $20 m or so to run the company for the next 2 years and the rest invest proactively and smartly to increase SH value and forget about the stupid quaterhearted buy back scheme which dosen't achieve anything.
Re : action needed
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Last
$1.80 |
Change
0.035(1.98%) |
Mkt cap ! $1.442B | |||
| Open | High | Low | Value | Volume |
| $1.79 | $1.83 | $1.78 | $12.59M | 6.979M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 41814 | $1.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.80 | 46131 | 2 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| KAR (ASX) Chart |