BAU should spend the money so they are not in IMF's cross hairs, 50m sitting there in cash is asking for trouble.
I'd like a share buyback, given that the current market cap is 30m it would be a very prudent move regardless of any IMF action. I'm not suggesting to spend 10m-20m on a buyback, but surely say 2m-5m would be money well spent and signal to the market that the company is responding proactively to the ridiculous share price at 40% of cash backing.
case not found on imf, page-3
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Last
2.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.764M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40000 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 4250 | 1 |
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| Last trade - 16.12pm 05/07/2024 (20 minute delay) ? |
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