TSXV:ICAU.H - Post by User
Post by
BayWallon May 12, 2018 6:27am
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Post# 28021885
Interesting
InterestingThe company wants to buyback their stock. One idea is to later re-issue the same shares at a higher price to raise more money without dilution. More money can increase their monthly gold trading activity and help set up operations in Peru and Brazil. It would be implied that they feel the stock is undervalued. Whatever the business plans are, in light of the recent 300% rise, the buyback news makes a strong statement about the future.