I think the buy back is a good move. Imagine buying back for 1c a share which was originally raised at 3.3c at the previous capital raising.
Now if KRR found good grounds at Mt Remarkable and/or Tenant Creek, SP will be up and then do a capital raise at the higher SP.
It makes cents to me.
Ann: On-market Share Buy-back, page-19
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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $18.33M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.0¢ | $9.695K | 889.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 1988059 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 2256257 | 6 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| KRR (ASX) Chart |