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
$1.48 |
Change
0.040(2.78%) |
Mkt cap ! $1.187B | |||
| Open | High | Low | Value | Volume |
| $1.48 | $1.50 | $1.43 | $9.575M | 6.503M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 32083 | $1.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 9716 | 1 |
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| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| KAR (ASX) Chart |