Why wouldn't the directors buy? With the US$14mill IDC being approved by its committee, the odds are much better that the Angolan banks will also approve the smaller remaining amounts needed as a prerequisite for the IDC drawdown. The IDC did not have to fill a quota for loans to the Angolan agricultural sector. The Angolan banks do have a quota to fill.
The South African IDC approval also gives the green light to the South African customer offtake. The directors should have a good idea about what's happening with that offtake.
A few here thought the company should have included a share purchase plan in the last cr. That would have been good in a way but it does cost the company more. Those shareholders that did want a share purchase plan can now buy at 6c instead. That is 14% below the price the directors and cr participants paid. Can't complain now about not being able to buy in a spp at 7c.
Hopefully the cr related selling dries up before we get any offtake news. We had a 5.6c low yesterday but closed on the high at 6c. See how we go tomorrow.
Why wouldn't the directors buy? With the US$14mill IDC being...
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Last
5.6¢ |
Change
-0.002(3.45%) |
Mkt cap ! $48.44M | |||
| Open | High | Low | Value | Volume |
| 5.6¢ | 5.6¢ | 5.5¢ | $9.232K | 166.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 99963 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.8¢ | 252589 | 4 |
View Market Depth
| Last trade - 15.37pm 03/05/2024 (20 minute delay) ? |
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Last
5.6¢ |
Change
-0.002 ( 1.82 %) |
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| Open | High | Low | Volume | ||
| 5.6¢ | 5.6¢ | 5.5¢ | 86140 | ||
| Last updated 15.37pm 03/05/2024 ? | |||||
| MNB (ASX) Chart |