RE:RE:Conference call available on VGCX website now!I was on the call too Kegman and no one made any promises to buy back shares. JM did say that they were likely going to seek TSX approval to buy back shares. And in my opinion having that approval in place is not a bad idea in case VGCX shares were to continue to fall significantly from here or at the very least use that tool as a deterrent to the short sellers.
Having approval doesn't mean they necessarily have to buy back any shares but say gold was to suddenly spike up significantly and VGCX suddenly found themselves with significant cash flow, they could then perhaps use some of it for buybacks. I know, I know pay down the debt and yes I agree that needs to be their primary focus.
If someone is planning a hostile takeover of VGCX you can bet that they are going to try and drive the share price down as low as they can and unless someone with much deeper pockets than us small retail investors can step up to the plate and counter that type of manipulation we are sitting ducks so I say get TSX approval regardless if they buy a single share back.
HB77