RE:RE:RE:RE:RE:RE:GEOLOGYYes! Not to only dividends and share backs, but also to pay off debt as well. I'm just learning about financial accounting. The basic accounting equation is Total Assets = Liabilities + Shareholder's Equity. Total assets go up, liabilities goes down as you pay off debt leaving Shareholder's Equity to go up. Shareholder's Equity = Contributed Capital + Retained Earnings.
So you end up with ever increasing earnings per share. Share price goes up. I hope that this trend continues for a few years. Canadian midcaps are doing extremely well right now. Hopefully CGX will be there in the near future. They don't really have high liabilities. All they need is some working capital.