Neometals continues their on-market share buyback program

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Neometals {ASX: NMT} Continued their on-market share buyback program by purchasing another 120,684 shares.

The total ASX approved buyback is 28 million shares.

 

 

 

Neometals {ASX: NMT} Continued their on market share buyback program by purchasing another 120,684 shares.

The total ASX approved buyback is 28 million shares.

 

Interestingly, the company, who are selling their 13.8% stake in Mt. Marion for AU $125 million, plus their cash on hand of AU $61 million, is almost exactly worth their current market cap, so no arbitrage opportunity currently, but we will keep a close eye on the SP just in case.