Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Pboo, this 11% you've mentioned, is nothing to do with the share buy back.
Ask yourself this; 'why does someone buy shares' ; because someone sees value as the shares are undervalued (ok it could also be for dividends) the shares that ujo have bought back are rather undervalued in our eyes. Pboo join us ? U can still dislike posters on here But may make a bit of £s on the side
Pboo, chill man, ujo are taking advantage of low sp and MC whilst doing s,b,back
It's all good for 'us' shareholders, no need to worry yourself; watch and wait and see if the value bought recently trebles within a few months... or 1 year.
Big problem is ; if treasury shares are used for an Acquisition, that means to bought into asset/company needs cash that follows that they would flood the market with their shares.
Answer: hold in treasury! Do not cancel them. Keep for an institution. Or just keep for ammo against a future hostile bid