TRU
ORIGINAL: TRU Precious Metals CEO unveils bold share buyback plan and reveals exciting high-grade gold prospects
2023-12-07 13:31 ET - News Release
(via NewsDirect)
TRU Precious Metals CEO Joel Freudman joined Steve Darling from Proactive to share news the company has recently announced a normal course issuer bid to repurchase up to 10% of its publicly-held shares, amounting to approximately 9.7 million shares.
This strategic move is driven by the belief that market conditions undervalue the company.
Uniquely, TRU Precious Metals has imposed fiscal discipline, capping expenditures for the share buyback. The CEO emphasizes managing cash efficiently while seizing opportunities to acquire shares when deemed advantageous.
This initiative aims to safeguard the treasury, eliminate selling pressures, and consolidate ownership among long-term core shareholders.
Friedman underscores the company's confidence in its prospects, citing recent high-grade copper and medium-grade gold assay results from the Golden Rose project.
The positive outlook is reinforced by strategic investments and share purchases by core shareholders, reflecting their belief in TRU Precious Metals' value and strategic direction.
Looking ahead to 2024, the company anticipates a busy year with planned exploration and drilling programs, buoyed by favorable market conditions and record-high gold prices.
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