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REMO RESOURCES INC V.RER

"Remo Resources Inc is engaged in the acquisition and exploration of mineral properties in Canada. The company's primary objective is to explore mineral properties to a stage where they can be developed profitably or sold to a third party."


TSXV:RER - Post by User

Bullboard Posts
Comment by summit4on Jun 21, 2006 6:03pm
332 Views
Post# 11018356

RE: Confused

RE: ConfusedI am not sure exactly how flow through shares work but anyway they announce a buyback where they can buy shares on the market. The current price is $20.25. A few days later they announce a flow through share offering at $25.5 per flow through common share. It seems like they are making $5.25 per share on the deal minus brokerage fees. Maybe someone else can explain how these deals work.
Bullboard Posts