Sure, I agree. Once we pay off the loan and have cash to deploy we should not be at $1.5 BUT we may well be. As it stands we should not be at $1.45 or $1.2 as of last week.
That being said. If we are not able to buy back many shares on the way to $3 they why do you even care?
I personally think we could get 20 million plus shares to $3. There are loads that will off load making anywhere from 100% to 1000% profit.
Every share we buy back at half it's value or more than half its value is MEANINGFUL. If you cant see that, then I do not know how to make it more simple.
I am encouraging a dividend after we are above $3
Remember we specifically voted for and passed a greater than 10% buy back in one calendar year. So over 25,7 million shares.
Ross, has said, "he thinks there are too many shares on issue"
Finally. If we had got a USD $50m Thai bank loan and zero capital raise, we would still be at 221m shares be paying down that loan instead of giving a dividend. So the buy back is EXACTLY the same as a loan repayment except one only knows the price after all the shares are bought back and an average is worked out.
Conversations over.
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$1.63 |
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Mkt cap ! $418.8M |
Open | High | Low | Value | Volume |
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---|---|---|
2 | 10338 | $1.63 |
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Price($) | Vol. | No. |
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$1.64 | 51400 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 10000 | 1.620 |
1 | 2196 | 1.615 |
5 | 29322 | 1.610 |
2 | 1255 | 1.605 |
Price($) | Vol. | No. |
---|---|---|
1.635 | 51400 | 2 |
1.640 | 1464 | 1 |
1.645 | 1464 | 1 |
1.650 | 41464 | 2 |
1.680 | 75076 | 3 |
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