Great analysis, Mitchdon, thanks.
It feels like something should happen soon, with the earnings we are making now, and the recently completed NT drill about to add more.
A dividend or buyback - either would suit me, but I think the 2 biggest holders are probably not in great need of cash just now, so maybe it will be a buyback.
I've been steadily increasing my holding for years. I hadn't really thought of it as buying back, but I suppose it is.
So if the company does decide on a buyback, what does it mean for us smaller holders? I suppose it pushes up the SP from a simple supply & demand view, and then there are fewer shares, so the MC is divided among those fewer shares which again tends to push the SP up. (The bought-back shares are usually cancelled, I think?)
Like many shareholders, I'm mystified by the low share price and the tiny amount of shares traded these days.
Our P/E is 3.09 while the average ASX 200 P/E ratio is 25.63 Surely things must change sometime??
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- Forget the dividend but how about a buyback?
Great analysis, Mitchdon, thanks. It feels like something should...
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Last
9.8¢ |
Change
-0.001(1.01%) |
Mkt cap ! $68.47M |
Open | High | Low | Value | Volume |
10.5¢ | 10.5¢ | 9.8¢ | $11.33K | 114.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 69026 | 9.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 845431 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 69026 | 0.098 |
1 | 100000 | 0.097 |
3 | 30881 | 0.096 |
3 | 56911 | 0.095 |
1 | 2174 | 0.092 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 845431 | 3 |
0.110 | 416169 | 6 |
0.120 | 247429 | 2 |
0.125 | 732378 | 2 |
0.000 | 0 | 0 |
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