I assume that you are asking this question as a result of the current SP?
I'm personally not a big fan of mgmt persuing initiatives for the purpose of supporting the SP. This should almost be last on their priority list.
The co. already has surplus cash and has a dividend policy in place. If they have cash they should be returning it or reinvesting it in the business via organic/inorganic growth opportunities. An example; equity participation in the the recently announced HPAL project. Alternatively build out their ESG credentials which I am becoming increasingly concerned about.
The other thing to consider is debt (they have it). So, rather than spend it on a buyback it would be better to reduce debt. It's all about captial efficiency.
I assume that you are asking this question as a result of the...
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Last
80.3¢ |
Change
0.018(2.23%) |
Mkt cap ! $3.407B | |||
| Open | High | Low | Value | Volume |
| 78.5¢ | 80.5¢ | 78.0¢ | $2.724M | 3.442M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 179389 | 80.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.5¢ | 213830 | 30 |
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| Last trade - 13.08pm 24/07/2024 (20 minute delay) ? |
| NIC (ASX) Chart |