TBR 0.90% $3.30 tribune resources limited

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  1. ink
    1,413 Posts.
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    I think this buy back announcement is just lip service, as I think they will only pay around $1 plus.

    How will they get 5 odd million shares-- they would need to pay $5 which I dont think is their intention.

    As for small holders, there are less then 50 people with unmarketable parcels,-- they will be waiting a long time if the buy back has to be completed first, as I dont think they will ever buy the 5m shares.

    Tomorrow they can start and at $1.50 they are dirt cheap!!!

    Lets see what happens !

    Cheers
 
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