the buyback price is limted as per the statements "highest price allowed under rule 7.33" which in the last report is at $9.57 - I would think however that the instructions to the buying broker would be to accumulate for as little as possible.
If OZL just went ahead and purchased as many as possible up to $9.57 - what would the reaction be?
a. waste of funds i.e. paying too much? b. maintaining the share price which will only drop after buyback? (I think this one) c. other?
OZL Price at posting:
$8.84 Sentiment: Buy Disclosure: Held
