It's Mad!24 Dec 2019 08:18
I was very surprised to see that CEY asked for the extension. And then I wasn't. We are always the last to know anything. We were not told last year when Endeavour made the same approach and we only knew this time because Endeavour blew the whistle. The only reason for an extension is that something has changed in the minds of CEY maybe? The deal on the table stinks to high heaven. Is there another deal underneath the table that sweetens the deal for the board? An extension for due diligence looks mad. What more do the y need to know that isn't in the public domain? Crippling debt? Tick. Diligence check over. Goodbye.
Why does CEY keep putting us through the wringer? Our trust in the early days has made them wealthy beyond belief. In return we get no share price advancement, the same old slide-show presentation over and over again, riddles, smoke & mirrors and a dividend that is scattered across too many shares. Great if you have a truck load. Crap if you're the other 99%.
The share price was higher a decade ago for heaven's sake!
When will the board actually recognise our loyalty?