Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
This is incredible news just out .- Authority to Purchase Own Shares
The Company announced on 7 March 2024 that it would commence a discretionary programme to purchase and cancel ordinary shares up to a maximum consideration of £25 million as the Board’s view is that the Company’s share price currently materially undervalues the business. We are seeking to increase the general shareholder authority this year for the Company to purchase its own shares from 10% to 15% of the Company’s ordinary shares in issue to facilitate this.
So under the Radar at 44p. Current Mkt cap is currently £20m below our cash at bank in hand. Flex going at break neck speed, US Disposal imminent and £25m being deployed in this buyback programme. Authority buy back more will be on agenda at the AGM in a few weeks time. If T.Rowe is now out then its a one way ride.
Agree SC - Daily Volumes help the % we are able to buy back . Yesterdays buy back was the largest amount since the buyback started. If the seller is now out (T.Rowe) then this could sky rocket. US disposal news is due v soon too.
The bank will be taken over before any outcome from this silly drama is known.
I think we can get over £1 sooner than September. We have so much going for us now - 1. Solid buy backs. 2. Good economy evolving setting a nice platform for SME's. 3. US non core disposal pending. 4. Flex Pay knocking it out the park. Total number of shares now below 360m , Mkt cap = cash at bank in hand. We should be over £1 now IMO