There's a couple of points to this in my opinion.
1. Supports share price (who bought at $3 + would be looking seeing share price down here
2. Helps aid in further dilution at a heavily discounted price if more funds needed in future (can u imagine the complaining then if we had to raise at $1)
3. Be interesting to see short covering
4. Bg over hang
5. Confidence in management, showing once again protecting share holder value (slick they chose not to get insto $ in last raise to look after share holders)
my opinion only, not a buy or sell recommendation
Ann: Race Oncology Announces On-Market Share Buyback, page-97
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Last
$1.68 |
Change
0.020(1.20%) |
Mkt cap ! $286.2M | |||
| Open | High | Low | Value | Volume |
| $1.68 | $1.68 | $1.61 | $177.8K | 108.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1100 | $1.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.68 | 4999 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| RAC (ASX) Chart |