just speculation by me and maybe ive got my rose tinted glasses on but this made me think about it a bit more. the buyback could potentially be a sign they’re preparing themself for a monetisation event down the track while they have cash on hand and essentially not a whole lot to spend it on temporarily
We all know they’re waiting to see what happens with Continentals multi-well project before a full sale or JV and some sort of return of capital after. If they reduce the SOI by 500M and pay a dividend of .001 they’re saving $500K.
its painfully slow watching it all unfold but share price aside the direction the companies heading is positive long term. I dont think its a decision between BB or dividend but perhaps a bit of both. 500M in 5B SOI really doesnt seem like much but it makes a difference
Banter and General Comments .. BRK, page-9446
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Last
1.0¢ |
Change
0.001(11.1%) |
Mkt cap ! $47.72M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $26.58K | 2.687M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 29015991 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 6453857 | 16 |
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| BRK (ASX) Chart |