Yes, but a lot of people still have not done their reading, due to TVN's late payment, the terms of the deal were re-negotiated so that KRR is guaranteed $10M regardless of what their share price will be in the future. Obviously, we are all cheering on the TVN share price to re-rate and rise substantially to get north of $10M but we cannot get any less than $10M. These are binding terms and were well described in the last payment announcement. Plus we still have approx. $4M cash due from them later this year.
Obviously KRR is physically valued well north of the current market cap, especially if you take into account HPA & Tennant Creek asset value, but it seems management are still trying to load up this buy back as low as possible while tax season remains for the next 2-3 weeks. Post tax sell season they will likely have to raise the purchases with whatever buyback ammunition they have left.
Anyway, 3 weeks left of loading up at the lows! Cannot complain too much, whatever tactics management are undertaking, we also have the opportunity to capitalise by following their lead.
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Last
1.4¢ |
Change
0.001(7.69%) |
Mkt cap ! $21.74M |
Open | High | Low | Value | Volume |
1.2¢ | 1.4¢ | 1.2¢ | $45.76K | 3.595M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 429816 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 240972 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 531343 | 0.012 |
2 | 1100000 | 0.011 |
6 | 1643792 | 0.010 |
15 | 4867428 | 0.009 |
12 | 28310928 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 240972 | 4 |
0.015 | 21890 | 1 |
0.018 | 55474 | 1 |
0.019 | 1000000 | 1 |
0.020 | 971200 | 4 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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