Buy Back before 30 Sep 2020KL bought back 500,000 shares in August @ C$72 - C$36m.
In view of the pressure on share prices, another 500,000 buy back before the end of Q3 would cost only C$33.7m today.
The total cancellation of 1m shares would do far more for KL shareholders than stacking the Osisko share proceeds in devaluing fiat currencies.
In 2020, gold bullion has risen more than the KL SP, so a stck of Kilo bars may be an insurance against bank bail inns.
Is KL ever going to need $0.5bn in cash, making it a target for paper predators.