Share buy-back is great news. With the way the SP reacted we won't have to pay too much for 9.5%. Buy-back makes good sense up to 17-18c.
I'm not sure why we're so upset about the consolidation. If it had of been the 50 for 1 mentioned a few months back I could understand, but 10 for 1 keeps the number of share on issue at a good amount IMO.
We can still have big SP moves at $1.30 and 74million shares on issue - 67million if buy-back is filled.
We want a good investor and if the consolidation is what it takes let's do it.
Not sure about a consolidation in readiness of a capital raising. Isn't a capital raising and a share buy-back a contradiction?
Share buy-back is great news. With the way the SP reacted we...
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Last
$2.01 |
Change
0.010(0.50%) |
Mkt cap ! $111.4M | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.01 | $2.01 | $2.492K | 1.24K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9750 | $1.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.15 | 5000 | 2 |
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| Last trade - 15.37pm 30/08/2024 (20 minute delay) ? |
| DRA (ASX) Chart |