Post by
drunk@noon on Apr 27, 2024 9:52am
Yet there are people on this board who thinks the CEO knows
something better to do with the money. My way is invest the cashflow in increasing our ownership in the Bombore gold mine. The CEO wants to spend the cashflow by aquring and building another mine.
My way means the shareprice has to adjust once phase 2 is up and running or the share woulld go from trading at 50% free cashflow moving towards 100% as the first year of free cashflow is deployed in buying back shares. Rather than buidling another mine. The shareprice would half to adjust. You don't have a company free cashflowing 80 cents a share trading at 80 cents.