GREY:LGVWF - Post by User
Comment by
terroiron Feb 05, 2014 10:25am
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Post# 22174102
RE:RE:RE:RE:News Release
RE:RE:RE:RE:News ReleaseI am with you Nawar,
But surely the share buy back would have occurred to them. Of course they may need time for a board decision and perhaps a word with the bankers, plus I think they need to get approval from the stock exchange. They do for ongoing buy backs. Not sure of the rules surrounding a one time purchase, you probably know. Anyway it is not too late, a little damage today, but if you don't fold there is still time to support the share value. Nothing wrong with saving $640,000 annually.
But if they do not do it, what does that say...that LNV is more cash strapped than it appears, they are concerning cash for the drill bit and facilities?
I see that you feel that they could and should have taken a different course to preserve shareholder value and improve corporate coffers both at AAV and LNV...but management is not dumb, it occurred to them and they couldn't do the obvious. I will be interested in anything you get directly from them.
terr