RE:RE:RE:NCIB are waste of shareholder $$$Well I suppose we are a prospecting company by nature. Gil has said he wants to drill but not produce. So looking at a multitude of scenarios as an investor the goal is a buyout at a higher SP. this company has a low burn rate and should receive $20 million dollars so $1 million would be a small use of cash. It's a double edged sword, we could miss but at the current SP I am buying, I'd love to see Mgmt buying. And the whole point of a buyback (though often misused) is to buy back unjustly cheap shares. My thesis as things stand is that (if nothing else happens) the current value of our share price is unjustly low given the potential of 3b/4b which will be drilled.
could I be wrong? Of course but those are my opinions and mine alone.