I think you're mistaken. If the share price was $2.50, there would be no need for a buyback, because the share price would be performing well. The only reason people are harping on about it is because of the low share price, and they want to have the share price supported. But surely it's better to put the money they have to good use to refurbish plant 1, to pay for the strip of the Quartz lease, to do exploration, without having to worry about running out of funds again. Then the share price will take care of itself. Just stop freaking out. Hold the line, or buy more if you have the funds. Simple. You benefit from buying cheaper, more than you do if the company does.
I think you're mistaken. If the share price was $2.50, there...
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Last
$1.52 |
Change
0.000(0.00%) |
Mkt cap ! $390.4M | |||
| Open | High | Low | Value | Volume |
| $1.53 | $1.53 | $1.49 | $516.7K | 342.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14976 | $1.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.53 | 3182 | 1 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |