I read that in the report.
It seems like they might have about 50$mil cash after 80$mil return of capital. I guess only enough for 5 wells play + expenses. Capital return is not a sustainable strategy as it seems. I don’t know why they proposed it. May be just try to calm investors supporting the share price when relisting. They’re much better off keeping the full cash for a longer sustainable play. Gluck all
Share price on relisting, page-81
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Last
49.5¢ |
Change
0.005(1.02%) |
Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.5¢ | 49.0¢ | $4.017K | 8.162K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19637 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 10000 | 1 |
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| Last trade - 13.40pm 26/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |