Gday Kevin - the volume is just not there for an on market buyback.
I reckon about 18c per share cash offer if it is sold in one go.
One of the signs of the markets hitting bottom is takeovers and mergers, and there have not been a huge amount of late. Still waiting for BHP to splash some cash around. Nobody wants to buy just yet incase there is worse to come.
net assets of 1.32 billion , page-8
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