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GobiMin Inc. GMNFF

GobiMin Inc together with its subsidiaries is engaged in the investment in equity, debt or other securities as well as direct ownership stakes in projects, including the development of mineral properties, mainly in the Xinjiang Uygur Autonomous Region (Xinjiang) of the People's Republic of China. The company's segment includes Investment business and Mining business. It generates maximum revenue from the Mining business segment.


OTCPK:GMNFF - Post by User

Comment by Malpeque2on Aug 31, 2022 8:25am
57 Views
Post# 34931776

RE:GMN has bought back 13 m shares since 2012

RE:GMN has bought back 13 m shares since 2012There are of course diminishing returns to a buyback when the float not controlled by the two insiders is only 4 or 5 million shares.    It's going to get harder and take longer to buyback any shares thru an issuer Bid as time goes on. 

Nozzpack,  I would say to you lets not run away from Canada and the TSX and go use the $80M or so US in Cash to buy a stake in Aimia.   Traded on the TSX.    You think Felipe Tan is a better investor than the Mittleman's?     Then let him get at least 5% and call a special meeting and have these people voted out.    The Mittleman's control very few shares,   their track record is not great,  and nobody is going to vote for them if given a choice of a new managment team.     Worst case is they dividend out a large sum,   take it private,  or do a Substantial Issuer Bid,  and we all make some $$ on those shares plus the accreation of value for Gobimin stake in Aimia.   

Contact this Felipe Tan and see if you can get him to do it?   ReInvest the $$ in Aimia for a 5% or more stake.     THey are just like Gobimin,   trading at a big discount to the Cash and the Net-Net,  current assets less ALL liabilities.     The discount is larger here,  but the Market Cap and Free Float are a nice fit for Gobimin to get a "control" stake. 

Then your Mr. Tan guy who you think is a good investor would have control of like $600M  Canandian in Cash and Securities.  Then we can go play for Africa Oil......The whole show!

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