BRL 0.00% 73.5¢ bathurst resources limited.

Ann: Daily share buy-back notice - Appendix 3E, page-5

  1. 2,920 Posts.
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    either way you cut it is the current reality that despite the burgeoning cash flow, management have been unable to get the market to focus on the strengths already plainly on show and give them the proper weighting over the known negatives

    The current discussion point; Buyback

    Known Negatives;  Delayed start, Has not not excited the market, Compounding negative effect on Liquidity of shares, Still a long way to go so some uncertainty remains how much of the buyback will be completed, Confusing message from Management citing the need to retain capital as the reason a buyback was instigated over a Divvy.

    Known Positives;   Actively buying now, Buying at these levels is a great investment. Any capital management initiatives are good 

    Known Unknown;   Will the buyback continue beyond $0.15, If the buyback reaches target number of shares under budget (big if), will it continue, who is selling into the buy back, 

    Just a brain dump. Happy to be shot down, argue, be proven wrong on any point put forward
 
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