Also LG: previously you desperately wanted a buy-back (at <$1.50), now you want share price support (to potentially >$1.50). Those ideas are in opposition to each other.
Why not be patient about the SP and allow a buy-back or dividends to happen once cash is available? A high SP only helps if you're selling, if there's a take-over offer, or if they're doing a raising. A low SP helps for - accumulation or buy-backs.
I'd be happy with more clarity, especially about Nov's production numbers. Now it's not clear - I can't tell if it's a one-off or ongoing, and whether they made an error when stating 'from stockpiles only'. That is an uncertainty keeping me from buying more, and the other big uncertainty is the short-term debt - I think it has been extended, but paying it off is the true way to de-risk.
Ann: Chair's Address to Shareholders, page-96
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Last
$1.82 |
Change
0.050(2.82%) |
Mkt cap ! $469.1M | |||
| Open | High | Low | Value | Volume |
| $1.81 | $1.85 | $1.80 | $1.623M | 891.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19848 | $1.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.85 | 19473 | 4 |
View Market Depth
| Last trade - 16.10pm 10/06/2024 (20 minute delay) ? |
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Last
$1.82 |
Change
0.050 ( 2.10 %) |
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| Open | High | Low | Volume | ||
| $1.81 | $1.85 | $1.80 | 47099 | ||
| Last updated 15.59pm 10/06/2024 ? | |||||
| KCN (ASX) Chart |