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Chance of more than 15c return, page-2

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Seth Davis

3,349 Posts.

309

15/09/14

16:44

Post #: 13977088
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Originally posted by pinetree ↑

Announcement on 3 September 2014 : "The Directors intend that the Company will make a cash return of up to A$0.15 per share to shareholders ... " and "... The intended cash return of up to A$0.15 per share assumes the US$ consideration is converted into A$ at an exchange rate of 0.9340. The actual cash return paid will be dependent on the A$:US$ exchange rate at which the Company is able to convert the US$ consideration into A$."

So, for exchange rate of 0.9340, cash return is A$0.15/share.
Now, the exchange rate is below 0.90, then the cash return would be A$0.155/share

It is amazing when CHZ share price now is A$0.15/share

DYOR

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I don't think management will change the cash return of 15c as flagged (happy to be proven wrong), I believe they'll just keep the extra cash in the remaining shell.

CHZ Price at posting: 15.0¢ Sentiment: Hold Disclosure: Held
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