I am struggling to see the benefit of a share buy back at this point of time. Possibly after we become a income earning company from a purchased operation or farmin then maybe it would be appropriate. Why spend cash on a buy back prior to the purchase of a revenue +ve asset?
I smell a rat with this, maybe we are being lined up for a buy out / take over which is prevalent for small cap's at the moment. Had personnel experience with SMC, and QMN being privatised at the expense of long term holders. Hope I am WRONG!!!
cheers ns dyor
I am struggling to see the benefit of a share buy back at this...
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Last
0.6¢ |
Change
0.001(20.0%) |
Mkt cap ! $8.745M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.5¢ | $3.027K | 588.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2006246 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 1966667 | 2 |
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| Last trade - 10.57am 08/10/2024 (20 minute delay) ? |
| MEL (ASX) Chart |