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re: master of share buy back

  1. littlecorn
    6,402 Posts.
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    31/10/12
    13:45
    Post #: 10937234
    if the project is not going to go ahead as per plan, or delay/negociation etc. it's much better off for the current shareholders if the management starts to buy back the market shares. they just raised at 40c, they can buy back 60% more than the no of shares they raised at today's price.

    and when the regulation gets cleared, they can raise again.
    BSE Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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