Whilst I am all for the best success and future positive news coming out of this project, I must say that I don't (in my opinion) think a share buyback is on the cards at all.
If ARU have surplus cash, there's little reason to engage in a share buyback - they would keep the money and use it as a buffer in case the offtake or project funding arrangements take longer than expected (which is a real possibility given how long it's already taken).
Whilst it sounds good in theory for shareholders right now, share buybacks usually occur when a company has money in the bank during operations and after a period of profitability.....not when they will need the cash for the development of a project, not to mention the double dipping of professional banker/lawyer/advisor fees to launch the capital raise and the buyback.
Just my two cents and I may be wrong - but I don't think a buyback is on the cards now, but hopefully it is in the years to come.
Ann: Quarterly Activities Report and Appendix 5B, page-17
-
- There are more pages in this discussion • 54 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ARU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $383.8M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 16.0¢ | $208.3K | 1.276M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 1533397 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 568435 | 10 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| ARU (ASX) Chart |