In their own words from 23rd May.
On that day the SP opened at 18.5c and closed at 20c. So at 18.5c it did not reflect the underlying value of the company's assets.
Now it's at 15.5-16c - even better value. Just on those two prices, the company can now buy back 15% more shares for every dollar. What a gift!
Ann: ASIC Form 484 buybacks to 27 June 2022, page-26
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