Check out the buyback programs of CE1's peers, you'll find some doing 5-10x the rate of the buyback.
If they use up all the 10% capacity in 6 months big deal, run a shareholder vote for another 10% for the next 6 months.
Dividend should only be a token amount to signal to market of the value, but its tax inefficient. At these prices the company will be 60%+ cash backed by end of CY2023. Reduce the capital base by 50% in 1.5 years, market cap at 16c would be <A$50m at that point.
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- Ann: ASIC Form 484 buybacks to 27 June 2022
Ann: ASIC Form 484 buybacks to 27 June 2022, page-25
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