A higher share price and happier shareholders would in fact increase their financing options.
You might not have noticed but the shareprice is up over 100% in the last 12 months and there are plenty of happy shareholders, some are a bit grumpy because of a smaller than expected dividend and others because they bought in the 80's but they dont represent all shareholders.
Apart from the fact that a buyback won't happen because of a large individual holding , why would you spend required cash on a buyback on a overall rising shareprice, its usually done to support a falling one...the volatility of IO and markets in general make any percieved benefits to shareholders of a buy back an exercise in throwing darts..
There is enough upgrading and expansion work to take care of any cash we have and plenty more after allowing for a cash buffer.
Cheers Whisky
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Last
31.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $358.7M |
Open | High | Low | Value | Volume |
31.0¢ | 32.3¢ | 31.0¢ | $465.1K | 1.472M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 131681 | 31.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
32.0¢ | 28097 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 131681 | 0.310 |
5 | 558014 | 0.305 |
16 | 261531 | 0.300 |
4 | 80827 | 0.295 |
11 | 339741 | 0.290 |
Price($) | Vol. | No. |
---|---|---|
0.320 | 6948 | 1 |
0.325 | 44880 | 2 |
0.330 | 293796 | 5 |
0.335 | 125527 | 2 |
0.340 | 96235 | 5 |
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