" you may be right but a buyback facility in place will be beneficial to long term shareholders"
Maybe, maybe not. I think there a far more risks associated with share buy backs at present. If we knew that future capital raising would be at Mozs "dream guess" of $1.50 then it would definately work in our favour. We simply dont however. Infact, as phillip_k has already mentioned any future capital raising by Brockman could well fall on deaf ears. The directors havnt endeared themselves to institutional investors of late lol.
Although I dont like the direction the company has recently chosen to take, the cash has saved a complete SP annihilation and this is no time to diminish the cash reserve imo
BRM Price at posting:
47.0¢ Sentiment: None Disclosure: Held
