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.
Webinair, page-59
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Last
$1.77 |
Change
0.010(0.57%) |
Mkt cap ! $456.2M | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.79 | $1.73 | $577.7K | 325.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 21935 | $1.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.78 | 4 | 1 |
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| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
$1.79 |
Change
0.010 ( 2.35 %) |
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| Open | High | Low | Volume | ||
| $1.75 | $1.80 | $1.73 | 22816 | ||
| Last updated 15.59pm 06/06/2024 ? | |||||
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