Just dawned on me why the share buyback has not started.
The small, non-marketable purchase facility is set to go ahead on Novemeber 21 at a price of 20c per share.
Consequently, it would probably be viewed as unfair if the company conducted a buyback of shares in excess of that price prior to that date.
So......whilst the company would be entitled to start the buyback at a price of @23.5c, it won't until after November 21.
Makes me wonder why they didn't conduct the small parcel purchase prior to announcing the buyback.
Good luck all.
Just dawned on me why the share buyback has not started. The...
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