For those speculating on whether YBR is purchasing stock under the buyback... it's not the case. The company has to lodge an Appendix 3E by 9:30am on the day following any stock purchases, which outlines details of the purchases.
In the past year they have announced two buybacks and bought back exactly ZERO shares.
And even though the price is incredibly low - the company has hardly any cash and isn't making money, so it would be risky to be buying shares.
As for a dividend this year, that's a dream!
YBR Price at posting:
27.0¢ Sentiment: Hold Disclosure: Held
