re: to aussiedoc/share buyback? Hi guys, yep does have dates. The announcement I read did not. Sorry.
As far as the share buy back goes,
From the chairmans report Dec 15,
"working with Intrepid International Finance Ltd to raise up to A$50 million in
convertible note financing to develop the Rincon Salar and other projects."
"The board believes that a portion of the proceeds from the converting note issue should be
used to finance a share buy back to the extent of $2-5 million. This resolution will be put to
share holders at the upcoming AGM."
Apparently at the AGM the share buyback was approved.
Excuse my ignorance but why borrow $50 million to spend upto 10% in a share buy back?
cheers.
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