I hear what you are saying about no divie or share buyback. I too would want them to reinvest funds in growth if the opportunities exist.
The only reason I would want the divie or share buyback is to send a further signal to the market that the company is undervalued. Doesn't need to be a big divvie or buyback, a token one could be enough.
Contrary to what some may say, the company does care about what its share price does. After all, why else would the 50c options be taken off the table?
Farlap,
Yes the rise was on small volume. But on the plus side there were no large selldowns happening either. There were 450k units to buy all the way down to 40c for the seller to hit but these were not hit. Assuming of course there is a seller. Need 2-3 days without any large selloffs like today even if on low volume to get buyers convinced that there is no seller lurking behind.
Cheers guys and best of luck.
ETC Price at posting:
42.0¢ Sentiment: Hold Disclosure: Held
