HZN 0.00% 21.5¢ horizon oil limited

Serious? why a company would a buy-back in place..when there is...

  1. 337 Posts.
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    Serious? why a company would a buy-back in place..when there is already a liquidity crunch, they are trying to retain existing cash and trying to build it over next few quarters from future cashflows, so they can redeem BONDS! over $80m required to redeem it. Market is scared about cap racing and you guys talking about buyback. can't believe..

    Buyback is a joke and no wise management would consider it at the moment, mainly due to other priorities for cash reserves.
 
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