Australia's largest stock trading and investment forum Australia's #1 stock forum

CHZ

Click for more information

4.17%

12.5¢ chesser resources limited

I don't think management will change the cash return of 15c as...

First 2 Last

Share
Profile

Follow
Seth Davis

3,349 Posts.

309

15/09/14

16:44

Post #: 13977088
Share

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

Expand

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
Upvote

0 Great analysis

Reply

Top Stories

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

US election outcomes: Key economic and market takeaways

There are more pages in this discussion • 5 more messages in this thread...

First 2 Last

Add CHZ (ASX) to my watchlist

SPONSORED BY