GREY:PMGLF - Post by User
Comment by
pokerbeekson Oct 05, 2012 5:07pm
183 Views
Post# 20454724
RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Inside
RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Inside They are maxing out what they can legally buy under the NCIB rules. I really like this play. As I'm expecting to be in this for several years I'm hopng this stays low for a while allowing them to continue to retire shares at these depressed prices. The risk of this strategy is it increases leverage but I feel they wouldn't be doing all this buying if they had any worries about their cash flow situation.
Best case is the stock pops and they can re-issue these shares to the convertible note holders at 18 bucks, saving a bunch of money for the company in the process.
Now lets hope they don't keep turning up dusters...