BAU 0.00% 3.9¢ bauxite resources limited

zaf39: I would be surprised if shareholders have to wait another...

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  1. 300 Posts.
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    zaf39: I would be surprised if shareholders have to wait another decade.

    I'm tipping the directors will take their 5 cents capital return (if approved by shareholders), then look favourably at a reasonable takeover and take the money and run.

    If the capital return is approved, the directors will have left about $5 million in the kitty to keep a takeover
    offer alive.

    The directors have done nothing for the shareholders, while taking their fees.

    Waiting on Sir Ron's next move.
 
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