Great analysis, Mitchdon, thanks. It feels like something should...

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??