Buyback very bullish - scare the shortsI got in at $6 >1 year ago, lightened up $17-21 since then, just bought more today. I think that this buyback, coupled with a viable US path forward on markets, should scare the crap out of the shorts that have been pushing this beachball underwater recently.
Looks like they intend to buyback a whack of shares (987k/day until Oct 2/08 constitutes a "whack"), less after but that's gotta be positive.
Heard about forecast of $1.3 trillion annual global infrastructure buildout on the news today - lots of moly there. Don't recall any other non-TCM new big moly sources on the way after Climax. and that one's delayed to 2010, I think.