Just having a quick look into share buybacks, which seems kinda...

Just having a quick look into share buybacks, which seems kinda ridiculous as I am just about to shunt in a fair whack of money into a capital raise in the next few weeks, but here we are.

It looks like the hurdle mark to undertake a share buy back is lower, the directors are required to ensure the company remains solvent.

Now the bad thing for us average Aussies, is that share buy backs have no tax advantages for us as if we sell into a buyback we still need to pay capital gains tax.

However if GNX can get to the point where it is genuinely profitable GNX can pay a dividend with franking credits there are some tax advantages for holders.

And post the last election it looks like franking credits may be a thing for a good long while.