Yes, I'd not be adverse to distributing some of that $18m cash (at 1HFY24) back to shareholders. I'd be surprised if M.X. Glennon was buying. Lately he has been buying back GC1 shares because he is under seige by Phil Wilson. Sad if this is a full on internal spat because, of necessity, they will take their eye off the ball. But yeah, GC has been backed into a corner and has been called to account. Will be interesting to watch the markets reaction. Tradtionally, Mr Market avoids boxing matches.
SEQ Price at posting:
54.0¢ Sentiment: Hold Disclosure: Held
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