RE:RE:RE:RE:Another Director ResignsBuying back shares is not a bad thing, depending when they bought them. Mainteains some stability in the share price. They can always dump them later when the price goes up.
But overall. looking at the financials they are still good. $72M in cash with about $6.3M in current liabilities. A P etc.
Bottom line equity @ $72M..nets a share book price of 20 cents. ..stock price 10 cents
Molybdenum used to harden steel will come back when construction gets strong. (Chinese used a lot)
They have lost money for some time i,e. $66M in 2010...down to $4M in 2013.
This will come back once steel demand comes back.
Don't give up on them
IIMO
G1945V