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7.69% 5.6¢ european lithium limited

Hi,Honestly I don't understand what the buyback was for? Doesn't...

  1. Understatement
    548 Posts.
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    12/07/23
    10:44
    Post #: 68744278
    Hi,

    Honestly I don't understand what the buyback was for?

    Doesn't the company require money to develop their mines and processing facilities later on?

    I believe it was the first time that I have seen a business buying back shares without cash flow or profits.

    Can anyone explain to me?

    I sold my shares as it did not understand what management is doing.

    Thanks

    K
    EUR Price at posting: 8.5¢ Sentiment: None Disclosure: Not Held
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