it may have already been mentioned, If a buy back was decided upon would that be announced prior to purchasing x shares. I assume not as such an announcement would perhaps cause a SP rise in itself and BMN having to pay a higher price
Stupid question perhaps, the AGM has passed all resolutions etc (including buy back etc) but it appears they have announced to do that. Why do with expect a rise tomorrow? shorts closing in case announced?
I assume they will not be out for sometime yet. Unless release earllier if good. Apart from all resolutions passed from AGM is there possibility anything released from that. Particularly with SP currently. 2 50,000 trades earler ? Shorts still ongoing
Completely see the supply deficit etc outlined by many including TP etc. But as the V price currently does not appear to agree you can see why other possible reasons are put forward. Can understand why e.g china in some ways may also wish for current levels with Dalian battery. At the same time a % of their V production becomes less econimal. Not a black and white situation i guess
I assume BMN would not require an AGM to go ahead with a buy back, but I guess they may discuss next week . If they do go ahead and purchase x million shares. Would they be able to purchase in one transaction or would it take weeks to complete. Would they use cash in then bank or are there other ways. Can they just hold onto those shares indefinitely if they so wish. Without dilution could they be used in a JSE IPO
Not sure how can say SP will not fall further. The shorting which appears to be the cause of recent falls persists. I assume on the back of V prices. Despite excellent news in recent weeks and statement from FM we are still here. No sign of TEP closing short either. Much more newsflow to come but will it have a sig effect. Investors are likely to stay on the sidelines?