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37.5% 3.3¢ australian silica quartz group ltd

BAU should spend the money so they are not in IMF's cross hairs,...

  1. ProPunter23Red
    2,887 Posts.
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    27/04/12
    23:14
    Post #: 10100451
    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.
    BAU Price at posting: 13.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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