BRL 0.00% 73.5¢ bathurst resources limited.

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

  1. 4,853 Posts.
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    @viney402 on market buy backs are funny things, daily volume has a lot to do with it as the company is not allowed to be above a certain % of the daily volume, nor be ticking up the price, or they and the broker can expect a call from the regulator.

    Most company's use them as a share price support mechanism, should there be increased volume on a down day, they have the ability to step into the market and absorb a level of the selling.

    If the share price moves north over the short to medium term, whilst the buy back is in place without the company using their cash reserves to achieve this, share holders should be happy with that result, as it means the company can use those funds for other purposes, such as a dividend.

    In regards to the legal challenge, one only has to look at WEC as to how protracted a case can be (all be it in a different jurisdiction). The time line between hearings, appeals, damages being defined and physically having to pay out is always longer than anticipated.

    The key for me is that the company is in production and generating strong revenue + EBITDA
 
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73.5¢ 74.0¢ 72.0¢ $31.14K 42.51K

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1 7500 73.0¢
 

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74.0¢ 5996 1
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