i would suspect in 6 months time when production is up and the need for large sums for immediate development have reduced,with pits and underground online,when g/ton take a big kick upwards and the free cash really starts to roll in,when the shareprice lags reality and the company is at its most vulnerable from predators,
THEN YOU WILL SEE A SHARE BUYBACK.
I suspect it would be a smart move to announce that at the next meeting,so everyone can forget about it(announcement) in the meantime,until those conditions arrive.
regarding buyback, page-5
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $40.11M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.5¢ | $802 | 5.754K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14865 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 19859 | 1 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| FML (ASX) Chart |