RE: RE: RE: News out The one thing everyone has overlooked here, whilst discussing the merits of the distribution is that the
- company's projects are valued at nil, since the SP is below cash in bank.
-by distributing 20% of the cash, Management are demonstrating to the market how confident they are with the projects in hand. This IMO is significant as share prices in this environment is so out of sync with fundamentals.
A distribution of 75c, in time might result in greater confidence in POE, so we could - and should - be trading higher than current leveles by the xd date. I agree that 75 c (ish) will come of after xd...........lets hope we are in the $4.50 level when that.happens.