RE:Tony is telling shareholders great profits aheadMutually beneficial arrangment for ES & KL is for ES to agree to sell a block of his ~ 10% shares to the company.
In this way KL could buy back more shares than market purchases may be in a position to deliver.
The KL board will be aware of the quantum leap in the company's growth prospects when the second Macassa shaft comes on stream in just over 2 years.
Since it would be prudent for the 74 year old ES to diversify his personal wealth away from investments where he does not have a direct influence. For this reason it may be possible for KL to negotiate a phased guaranteed buy back over a couple of years, at a mutually agreed price. From ES's point of view, such an agreement would be better than money in the bank.