GREY:SGGDF - Post by User
Comment by
grizfishon Aug 26, 2008 1:49pm
377 Views
Post# 15410531
RE: Buyback ?
RE: Buyback ?With all due respect, AR. You stated "This very thing was discussed several days ago on the other board , regarding SGX supporting their share price and investors and it seemed concluded that a company can't take money from their general fund and purchase their own shares ."
The 'nagging crew' on the other board, no doubt arrived at that conclusion, but I have rarely seen where a junior could wisely use their general fund for a buyback of shares. Such a buyback is evidence they have no better use for the money.
In today's market it is very difficult for most juniors to get funding. Depressed share prices lead to greater dilution, if and when, they get funding.