Carabella Res Ltd Nsw CBLLF

10% Share Redemption Over 12 Months

[BarnFind]

Market response to such a large share redemption program?

[BarnFind]

Is anyone following this stock?  10% of shares buyback program and no one has any thoughts?

[andreasstetson]

The whole situation seems ridiculous to me. Cobalt prices are holding up decently, stock clearly massively undervalued at the current spot prices (I think people might be forgetting this is not an exploration stock?), and there is probably some reason to believe in at least stability if not price growth coming from the Katanga mine. Add in the 10% share buyback, and I'm not sure what I'm

[BarnFind]

I agree.  It seems that that the comp;any also agrees with your analysis in that they stated that with the stock buy-back at market program.  Also if you look at the fundementals there appears to be little risk and a lot of upside.  Maybe we are just experiancing sales for tax purposes due to the heavy drop from the prior price on a stock that does not see a lot of trading.