KRR 10.0% 0.9¢ king river resources limited

As a relatively unsophisticated Investor could someone kindly...

  1. 988 Posts.
    lightbulb Created with Sketch. 66
    As a relatively unsophisticated Investor could someone kindly explain to me just how a share buy-back helps the company and its shareholders .

    i would have thought that if they spend the money buying back their own shares then there is less to spend on Drilling ?

    Or am I wrong ?

    Genuine query
 
watchlist Created with Sketch. Add KRR (ASX) to my watchlist
(20min delay)
Last
0.9¢
Change
-0.001(10.0%)
Mkt cap ! $13.75M
Open High Low Value Volume
1.0¢ 1.0¢ 0.9¢ $3 345

Buyers (Bids)

No. Vol. Price($)
24 6450173 0.9¢
 

Sellers (Offers)

Price($) Vol. No.
1.0¢ 912000 2
View Market Depth
Last trade - 16.10pm 13/09/2024 (20 minute delay) ?
KRR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.