If I understand it correctly , DLC needs a certain number of investors to be able to list on the ASX in Aus. A buyback would/could lower the total number of investors and cause the stock to be de-listed. Not Good.
As to the other figures about EUR/Wilcox Oil/Tax Losses/Cash and continued success of The Company, all these things are good, but not great. We will soon have the new Quarterly Report and can then check if DLC is in a position to continue to increase Revenue and Profit in it's core business. If DLC can continue the Growth of 2017, well then a SP of 5 cents AUS a share could be the new norm. If not, back down again to 0.002 cents and less. An investor could lose his Butt in DLC.
No need to get all excited here, but a DUE DILIGENCE is going to pay off for some investors in EUR perhaps. Or not. Time will tell. Right now I prefer to buy EUR directly and watch DLC. Of course I already have a 3% + holding in DLC so I can do what I want as far as the value of EUR held shares by DLC is concerned.. During the last 12 months I increased my holdings by 12 Million + shares. I based this on the future earnings prospects for DLC's basic business plan and not on EUR and Oil. Will we have another CASH BUMP of earnings in this report? Another Revenue Increase? Or will I see a fall in SP on my investment.
DLC Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held