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
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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($) | Vol. | No. |
---|---|---|
1.0¢ | 6453857 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
38 | 29015991 | 0.009 |
17 | 3750198 | 0.008 |
4 | 2510000 | 0.007 |
5 | 7995000 | 0.006 |
4 | 2508000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 6453857 | 16 |
0.011 | 43720127 | 32 |
0.012 | 13913087 | 21 |
0.013 | 21532087 | 20 |
0.014 | 11877951 | 15 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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BRK (ASX) Chart |