Heres a nice announcement on how i reckon it should be done and under the correct ASX rules without requiring any shareholder approval.
A facility for up to $5m seems about right for me, no price needs to be given, and they don't need to do it all at once. Could only spend $500k a month on it.
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwi86dHAlrr-AhUWDd4KHe94CRE4ChAWegQIBhAB&url=https%3A%2F%2Fwww.iress.com%2Fmedia%2Fdocuments%2FASX_Release_-_On-market_buy-back.pdf&usg=AOvVaw00neVrZjpIuh8Tz8yKL_Vb
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Heres a nice announcement on how i reckon it should be done and...
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Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $100.0K | 10.00M |
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No. | Vol. | Price($) |
---|---|---|
3 | 1119645 | 1.0¢ |
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Price($) | Vol. | No. |
---|---|---|
1.1¢ | 43813056 | 27 |
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38 | 27358162 | 0.009 |
15 | 3238655 | 0.008 |
6 | 3507000 | 0.007 |
4 | 6335000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 44803056 | 29 |
0.012 | 15295893 | 28 |
0.013 | 19059232 | 21 |
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0.015 | 5049920 | 10 |
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