"As to the Company not being able to buy back its own shares in a black out period, that to me does not sound correct. I am not a guru on this at all, but to me it does not sound right at all. Could someone help out here."
As the company has written so in a formal ASX announcement I think you may safely conclude that it is correct. I do not see any reason for anyone to consider that there are any "corporate shenanigans" involved. The company commence paying dividends in a prudent manner when it felt that there was adequate free cash to do so and this is a continuation of that arrangement. A number of shareholders have previously posted wondering when they could expect a further dividend. It seems churlish to question it when it is declared.
X64 Price at posting:
56.0¢ Sentiment: None Disclosure: Held
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