When Shares are bought back, there are less on issue.. hence each share is rewarded by getting a greater dividend.
I think we have enough to explore, aquire and buyback. No? Obviously it comes down to opportunity.. sure if a nice offer comes along lets appraise and do it if it suits us.. But if not.. Buybacks benefit holders by increasing SP and reducing SOI -- not bad right? Also -- get the SP to a level where options are actual considered worth converting.. no at 3.5c
Right now i dont mind no buy backs, just dont want a consolidation and id like the options to not expire worthless.. if the SP can get up from Activity or M&A then great.. its just we done this already and the SP has not moved so i propose a new option for our suplus warchest.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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6 | 1367124 | 2.5¢ |
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5 | 1130119 | 0.024 |
9 | 1838579 | 0.023 |
7 | 1248854 | 0.022 |
4 | 170095 | 0.021 |
Price($) | Vol. | No. |
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0.027 | 584321 | 2 |
0.028 | 7059037 | 4 |
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