Ultimately I don't disagree with your thought process CCDR. I have taken a devil's advocate approach, although looking at all the facts is better than simply skimming over the details as others have done. As for FY13, I think the guidance (if offered) at the 1H13 result won't be great and will make the Fostock forecast very ambitious. Although, the real issue for me, is that shareholders will be locked away from dividends until 2018 or until a deal can be done with the tranche 3a & 3b holders. And given the elimiation of this "uncertainty", as you appropriately term it, does have value to EGG & its shareholders (ie earlier potential dividends), the Tranche 3a & 3b guys will certainly be keen to get a share of this value when it comes time to negotiate.
Ultimately I don't disagree with your thought process CCDR. I...
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Last
$1.24 |
Change
0.005(0.41%) |
Mkt cap ! $112.0M | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.24 | $1.18 | $1.178M | 951.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6200 | $1.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.24 | 1684 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| EGG (ASX) Chart |