Don't know much about these guys - but seems like a positive announcement.....

NZMC_Earnings_Guidance_18_March_2021_FINAL.pdf (

Website: The New Zealand Merino Company | Home (

Last AR: fdb7ce_e7b7bda91b8b4825b27bde0d0fb6a94d.pdf (

Issuer Profile: NZMC_Issuer_Profile_2020_Final.pdf (

CEO is the largest shareholder. Only 40-odd thousand shares traded in since listing in Oct. Looks like about 5.3m shares on offer - just bought back 600k at $3.80 and price is still $3.95.