LRF linq resources fund
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A 10% buyback has now been announced starting the 19th of...

  1. redcorduroy
    743 Posts.
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    04/10/06
    16:28
    Post #: 1831887
    A 10% buyback has now been announced starting the 19th of October. It'll be interesting to see how many they have to buyback to get the shares enough above $1 to ensure all/most of the options get exercised.

    Of course each share they buy back is positive to their NTA but I don't think it makes a huge difference. For example if they bought back the whole 10% at 92c it would add 4.4c to their (pre-dilution) NTA.
    LRF Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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