My reading is the buy back ends now .( Functionally it ended weeks ago .)
All their present cash and cashflow from production is available for the 4 well drilling program .
After the drilling program ends they get share holder approval for another buy back .
New buy back commences .
Looks like plan B and C did not work .
They could not get the deal they wanted so it is back to plan A .
It seems OK to me .
Really what else could they do ?
Ann: Transformational Drilling Program and Further Share Buy-Back, page-51
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Last
1.1¢ |
Change
-0.001(4.55%) |
Mkt cap ! $50.11M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $23.05K | 2.183M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 44 | 25833994 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 54460586 | 48 |
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