GREY:LSTMF - Post by User
Comment by
Mastermind_9999on Sep 30, 2014 5:05pm
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Post# 22984381
RE:RE:RE:RE:close
RE:RE:RE:RE:close
The $500 MM was just I number I used in an example in my previous post. I said instead of spending $500MM in CAPEX next year, if we could use that to buy back shares we could buy back 1/2 the company at today's price (but as indicated, buying this volume would obviously drive up the price so you might only be able to buy back 1/4 or 1/3rd of the company, depending on how many sellers there would be).
Either way, it's restricted to 10% based on the last NCIB. Still wondering if that can be increased to a higher % though.
These clowns need to do something because the same old same old isn't working. We take a hit after almost each and every quarterly report.