OZL 0.00% $26.44 oz minerals limited

Has any one thought about the cost to the company. Suppose they...

  1. 155 Posts.
    Has any one thought about the cost to the company. Suppose they will purchase 100m share, it will cost around $120m to them.

    I think instead of this buyback, they should invest this money in exploration or consolidate the shares.

    The max. price we could see in near future is $1.30 - 1.50.

    All there jewels are gone, so for a one producing mine company $4.5 bn mkt cap is big.

 
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Currently unlisted public company.

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