Thanks and interesting schedule miningnut.
Not my base case we'll be spending $7.5M/month on the buy-back.
As alluded to previous once the market understands we have surplus cash flow to undertake the buy-back the share price will front run the buy back itself. In other words I'd see it being very unlikely they could pick-up the volume of shares required even if they wanted to at double the current price.
Additionally, Zurich repayment schedule is subject to ongoing discussions and therefore negotiation. We're unlikely to want to voluntary pay them $10M too early on as we scale up.
As such the bank balance should be comfortable above $50M by Christmas with some debts extinguished.
Thanks and interesting schedule miningnut.Not my base case we'll...
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Last
$1.56 |
Change
0.005(0.32%) |
Mkt cap ! $400.8M | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.59 | $1.54 | $493.4K | 316.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2587 | $1.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.57 | 2944 | 1 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$1.55 |
Change
0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| $1.58 | $1.59 | $1.54 | 28463 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| KCN (ASX) Chart |