Management/board has responsibility to support share price here. Their cash is going up and total cash requirement is less than 60 million which should be fully covered by cash flow from operation.
I think due to carnage in mining industry equipment/service cost is going down. Unless I miss something, 60 million is sufficient to bring Kapulo and Dil underground.
Management can do two things:
a. Initiate small buy back ( range of $5-10 million)
b. Insider buy
If they don't do, we may have to accept low ball offer.
- Forums
- ASX - By Stock
- any comment on today's press release
MWE
mawson west ltd
Management/board has responsibility to support share price here....
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Currently unlisted public company.
The Watchlist
NUZ
NEURIZON THERAPEUTICS LIMITED
Dr Michael Thurn, CEO & MD
Dr Michael Thurn
CEO & MD
SPONSORED BY The Market Online