When they say buy back, will they buy back whatever they need to at one go or are they gradually accumulating every time it hits 1c? If it is the second strategy, then they will get good value for their money ,but not so good for the shareholders. This won't push the SP up drastically.
Their latest announcement (see below) makes me think they have been or will be gradually accumulating over a very prolonged period of time (given how much they want to buy and at what price) and therefore, lets not hope for decent announcements while they are accumulating. They wouldn't want the SP to go up while they are in the accumulating phase.
just my opinion, DYOR
When they say buy back, will they buy back whatever they need to...
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Mkt cap ! $15.53M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 1.0¢ | 0.9¢ | $28.44K | 3.138M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 62466 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 7757430 | 18 |
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| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Change
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| Open | High | Low | Volume | ||
| 0.9¢ | 1.0¢ | 0.9¢ | 729991 | ||
| Last updated 15.17pm 03/06/2024 ? | |||||
| KRR (ASX) Chart |