GREY:WFEMF - Post by User
Post by
ark88on Jan 14, 2013 10:48am
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Post# 20834332
Just a Thought
Just a Thought IF and when we do get the confirmation of the deal with IMC+Bank and the money is forwarded to us, what I'd like to see management do is to use some of that cash to buy back shares.
I don't have the Capex numbers handy, but some of the $35 mil. should be used to reduce the overall float. Someone could correct me on this, but shouldn't the $150 line of credit plus another $35 mil. for the plant be enough to bring Sangsong into production? We could use $10-20 mil. towards the buyback.