Also, what are your thoughts on the company conducing a buy back?
I created a post with some reasoning and justification for why it could make sense to deploy it's capital in this way, rather than pay it out in dividends.
This is not about addressing the current depressed share price, it is more about recognition that relative to the recent raise, and the strong fundamentals of the business, it would be a good way to mitigate the impact of overpaying for Tropicana.
https://hotcopper.com.au/threads/under-valued.6103233/?post_id=56318870
Ann: Resource and Reserve Growth to include Tropicana, page-18
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$2.48 |
Change
-0.130(4.98%) |
Mkt cap ! $1.873B | |||
| Open | High | Low | Value | Volume |
| $2.50 | $2.50 | $2.43 | $11.87M | 4.810M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 32964 | $2.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.48 | 84034 | 6 |
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