Buy back of 1 billion shares at a price of 3.6c would cost 36 million and likely see a share price of 5c (assuming no change in market value).
However, i believe they are bound by the 10% SOI in 12 month limitation.
Thus best case is buy 350,000,000 shares at 3.6c = 12.6 million and see a share price increase to 4c.
I'd argue with so many on issue the buy back play would just see a lot of selling. the divedend play would likely see people buying. Thus dividend probably offers the best overall value for holders...
My 2c's worth.
Buy back of 1 billion shares at a price of 3.6c would cost 36...
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Mkt cap ! $108.9M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 2.9¢ | 2.9¢ | $865 | 29.83K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 69999 | 2.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 3.0¢ | 4220055 | 13 |
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| Last trade - 15.36pm 03/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 2.9¢ | 2.9¢ | 2.9¢ | 20000 | ||
| Last updated 15.16pm 03/05/2024 ? | |||||
| BCN (ASX) Chart |