You seem to keep getting back to buybacks. I have not been...

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grabeach

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03/04/19

19:36

Post #: 37981740
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Originally posted by joewolf: ↑

I think this mornings announcement was a good example of the LIC management doing the right thing in the modern era for these vehicles. Essentially every share they buy up this way benefits all of us. Its good capital management and also makes all our shares underlying NTA go up a little bit. Its probably also the exact reason why I don't believe your hypothesis of the share price being related to MG support makes any sense actually I am sure the company has far more resources to do this. They could buy back 10% at say a discount of 15% that a good deal for all of us.

Glad we all benefitted and not only a director. I support buybacks as part of the arsenal to improve the wealth of all shareholders.

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You seem to keep getting back to buybacks. I have not been arguing about the benefits or otherwise of buybacks. My comments have been about MG's ("Director's Interest Notice") purchasers on his own account. These are NOT part of any buyback. These shares are NOT cancelled. NTA does NOT increase.

GC1 Price at posting: 83.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 48.0¢		Change 0.015(3.23%)		Mkt cap ! $23.15M

Open	High	Low	Value	Volume
48.0¢	48.0¢	48.0¢	$7.2K	15K

Buyers (Bids)

No.	Vol.	Price($)
2	41525	46.5¢

Sellers (Offers)

Price($)	Vol.	No.
48.0¢	1310	1

View Market Depth

No.	Vol.	Price($)
2	41525	0.465
1	16686	0.460
2	61515	0.455
1	18650	0.450
1	5000	0.445

Price($)	Vol.	No.
0.480	1310	1
0.490	22335	1
0.500	20000	1
0.525	16849	1
0.530	20000	1

Last trade - 12.27pm 18/06/2025 (20 minute delay)

GC1 (ASX) Chart

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