I would only be agreeable to the (dilution) proposal if there was a binding agreement by the company to the buy back and de-list those shares once the issue capital had done its job and there was cash flow. Thus ensuring that we get the phases underway as soon as possible, eventually getting a premium for the value of the shares, and creating return for the share holders. If the return from phase 1 is in fact in the order of the 600 million being suggested then $55 mil to buy back 11 million shares at $5 dollars (lets get a premium here!) in 2 years would certainly improve everyone's lot - even yours Mr Finch. It still leaves plenty of capital to build the 2nd phase, the company would have proved its viability as an ore producer and a debt instrument should be much easier to set up. Best of all the trust of the share holders would be restored.
- Forums
- ASX - By Stock
- time changes everything?
I would only be agreeable to the (dilution) proposal if there...
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TYX (ASX) to my watchlist
|
|||||
Last
0.6¢ |
Change
-0.001(14.3%) |
Mkt cap ! $19.72M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.6¢ | $3.711K | 559.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1359001 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 1362162 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1359001 | 0.006 |
12 | 3383995 | 0.005 |
5 | 1800000 | 0.004 |
3 | 960000 | 0.003 |
3 | 1507550 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 1362162 | 1 |
0.008 | 5513377 | 13 |
0.009 | 7619262 | 13 |
0.010 | 2020782 | 8 |
0.011 | 10244343 | 11 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
TYX (ASX) Chart |