Holders who are against the buyback are a bunch of idiots.
Obviously, if the company spends $1.82 to reduce the claim on the company's cash pile by $2.30ish (to say nothing of our exploration assets) then the holders who remain will collectively see their ownership increase by 48c.
It's basic arithmetic.
Ann: Continuation of On-market Share Buy-back, page-10
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Last
$1.83 |
Change
0.015(0.83%) |
Mkt cap ! $1.466B | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.86 | $1.82 | $9.850M | 5.367M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 38837 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.84 | 22163 | 2 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |