GREY:FNKLF - Post by User
Comment by
marketmineron Jul 27, 2007 8:05pm
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Post# 13163418
RE: share buy back
RE: share buy backI say they anounce a share buy back, does not necessarily mean they step into the market today, but if the share price comes under presure they can do so at their descression...
Today @1.25 we are at about 160MM market cap or net $140 MM with 20 million in the bank or just over 3 times earnings.
Once the Ni price stabilizes, the cash flow positive financials repeat themselves and the Cnd dollar comes back to reality then FNI can assume a proper valuation...JMHO