Well, the chances of a deal voted down is pretty slim!
Once management offers to have a buyback of shares or pay dividends, the major funds will have to accept the deal.
A $5 million buyback or dividend, equates to about 8% return to shareholders right now!
They could do that for the next 3 years!!!
Also people forget that CHN has a major gold prospect that has yet to undergo any drilling next to the Bisha mine. Once they start drilling and come up with good results, the stock will skyrocket!
NAB has never been an activist fund manager. The funds that normally block these deals are the smaller fund managers which CHN dosen't really have.
The top 3 shareholders have 30% of the company!
so where are we actually at?, page-14
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Last
$1.34 |
Change
-0.050(3.60%) |
Mkt cap ! $571.8M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.41 | $1.33 | $2.161M | 1.585M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18387 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.34 | 3757 | 2 |
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| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| CHN (ASX) Chart |
