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Hi Thesi! For a clean energy forum, there appears to be a lot of...

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clivemax

3,409 Posts.

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13/02/19

08:10

Post #: 37417755
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Originally posted by Thesi ↑

Originally posted by Zeeshan
i get what you are saying but the problem is if GXY doesnt do the buy back now we are in serious danger of drifting to $1.50 or lower even at $1.90 now it is a very cheap take over sitting duck.

Imagine GXY at $1.50 and it gets taken out at $2.50.... all your efforts to save cash for the developement and growth of business goes out the window.
I don't think there will be a take over offer, and if there was it would immediately bring the share price up, and then people would wake up and come to the realisation that higher is where the share price should be anyhow.

But for me, I am hoping we go lower as I would like the company to be able to gain as much value from a share buy back if that's what they elect to do.

It seems to me whichever way we go we will win.

Though for the share price to hit $2.50, to me now isn't as exciting as seeing the company buy back shares on market and reduce the number of shares in the market.

I am wondering what a company like AUSBIL might be encouraging the company to do at this time. Aren't they at something like 9%? I am sure they would appreciate a share buy back that increases their percentage of ownership.

The question I have is at what price does the company consider worthwhile executing one?

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Hi Thesi!

For a clean energy forum, there appears to be a lot of intensity in creating pollution via the $2.00 club.

To me, the more intensity, the more motivation!

This tells me maybe I should take my electric powered wheelbarrow down to the corner shop and purchase some more shares!?

I can charge my wheel barrow going down to the shop, then have it charged and running returning loaded from the shop!

Please note, this is not advice on electric wheelbarrows!
Do Your Own Research!

GXY Price at posting: $1.94 Sentiment: Buy Disclosure: Held
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Hi Thesi! For a clean energy forum, there appears to be a lot of...

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