I don't really care who's buying.....BRL's buyback has only made up about 1/3 of the total volume since the buyback started.
Pretty confident if coking coal remains anywhere near current levels the SP won't be near 11 cps for much longer.
This 1/4 is 1/3 done and the price of coking coal is averaging almost 20% higher than the last 1/4.
I have them currently making $2.2m a week EBITDA($28m for the 1/4) which if achieved would put them on $56m for 6 month EBITDA.........so still on target to achieve $100m EBITDA for the year.
I think the way this is all traveling the company could not find a better way to spend my money by buying the shares back at current levels.
Some light reading, page-13
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Last
78.0¢ |
Change
0.025(3.31%) |
Mkt cap ! $149.2M | |||
| Open | High | Low | Value | Volume |
| 75.0¢ | 78.0¢ | 74.5¢ | $14.06K | 18.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4234 | 75.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.0¢ | 9139 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| BRL (ASX) Chart |