TSX:LSG.DB - Post by User
Comment by
goldhappyon Jun 25, 2013 5:22pm
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Post# 21572206
RE:Stock buy back
RE:Stock buy backA stock buy back at 28 cents is quite doable.
1 millions = $280,000
10 million = $2,800,000
100 million = $28,000,000
I think this might be one of the best ideas possible. Do some now while it is cheap. Yes a bit of finacial shuffeling would be required. In fact buy back half the shares now for about $60 million bucks. This company stands to produce 150,000 oz next year and every year after that. The big question is the price of gold. What an opportunity.