Apart from the fact that they could be very skinny cash wise before first cash flow why would they do a buy back v $600m Duncan development.
If there is a real threat of further dilution I think our fellow 75% SH's will step in.
As rorkes just pointed out the drop off in daily shorts, is that the first sign they want it higher?
Couple of recent scare articles doesn't seem to have shaken much loose at these levels, maybe time to play in another ballpark?
foster stockbroking , page-100
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Last
$6.88 |
Change
-0.160(2.27%) |
Mkt cap ! $6.444B | |||
| Open | High | Low | Value | Volume |
| $7.08 | $7.26 | $6.82 | $23.62M | 3.386M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 938 | $6.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.89 | 8545 | 15 |
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| Last trade - 15.37pm 11/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |