Post by
bluestar747 on Nov 05, 2008 8:25am
Buy Back
It certainly isn't always the case that the SP goes up when a buyback is announced. The company wanted to pay as little as possible. That being said, they are stating the stock is undervalued. LOL
B.
Comment by
cameron5159 on Nov 06, 2008 10:34am
I take it that the company can start buying back its own stock starting tomorrow? 22 cents a share is a monster of a quarter for such an undervalued company. I think this stock is going to start trading like one of the big gold companys in the near future.
Comment by
Salida on Nov 07, 2008 12:24am
The buyback is great news...much of the drop from 1.75 to 50 cents was just gradual selling day after day. With the company in there buying shares we will have a lot of momentum to the upside, and it could easily push us back to $2-2.50.