AUX ausron limited

now the buyback

  1. 1,584 Posts.
    Folks,

    Anyone with an eye on AUX would have observed the on market buyback - paying up to .057 for "less than 10% of the stock" hence avoiding shareholder's agreement.

    Well, it sure sticks out like a sore thumb that this stock in the opinion of the directors is worth a lot more than .057.

    I wonder if this lazy board of directors have finally decided how to invest the proceeds from the Yates assets.

    Or is this the prelude to announcing the (long threatened) liquidation of the company and return of capital to shareholders?

    (Sir) Lunchalot
    Caveat: Lunchalot holds AUX.
 
watchlist Created with Sketch. Add AUX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.