It makes a whole lot of sense. it would put the money to good use (OUR money) by decreasing the number of shares on issue, and making it impossible to drive the SP below the buyback value, which means shorters would get out and stay out. The mere announcement of it would do the job. May not need to buy back many (if any) but even so it would be a positive not a negative. With the tightening of the register there would be no issue in raising further funds down the track if needed however I doubt that it would get to that.
It makes a whole lot of sense. it would put the money to good...
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$2.51 |
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