I think you'll find the purpose of the buyback is to put a floor under the price of KRR while market wide negative sentiment for small cap mining and oil stocks persists, which it has done for a couple of years now, and in the knowledge that it takes time to do seismic, drilling and then get back assay results and do the analysis. So far the buyback has been effective in that aim.
First of the assay results can't be that far off and timing is good in relation to the gold and copper prices.
18 Feb 2025 KRR will get more TVN shares from sale of Speewah, because despite making progress on the flourite deposit & vanadium, TVN's price is also weak like the rest of the market. At current TVN price and market Cap that would be an extra 30% of TVN shares or 30m shares. Market sentiment will turn around like it always has - a change of federal government will help next year.
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I think you'll find the purpose of the buyback is to put a floor...
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $13.75M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 0.9¢ | $35.41K | 3.532M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 5270349 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 1062999 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 5270349 | 0.009 |
6 | 26896804 | 0.008 |
5 | 5799516 | 0.007 |
5 | 4900808 | 0.006 |
13 | 9149887 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 966999 | 2 |
0.011 | 2089700 | 5 |
0.012 | 1182985 | 6 |
0.013 | 1978028 | 8 |
0.014 | 4060413 | 10 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
KRR (ASX) Chart |
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