You don’t seem to understand what is going on. Sorry. The company is only paying 1.3c to 1.5c to take shares off the register that means the remaining 3.5c they are worth to a sane long term holder is shared between us holders at a rate of 5-10%
ie if the NPV was 5cps it will, after the buy back, be worth 5.25c to 5.5c. That might not be exactly right but that is basically the crux of it. I’d love to see the SP drop to 1c before the Bb is done
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Last
1.1¢ |
Change
-0.001(4.55%) |
Mkt cap ! $50.11M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.0¢ | $23.05K | 2.183M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
44 | 25833994 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 54460586 | 48 |
Last trade - 13.57pm 15/10/2024 (20 minute delay) ? |
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