RE:RE:RE:I like Paul…Hi Sooner, if Paul even tried to buy back shares I am sure the backlash from RIO/Mitsubishi would not be to his liking. If I paid X dollars to take a stake in a company and then the company subsequently started buying back shares at a discount to X dollars, I would feel like a chump being played by the company I invested in.
I get that, all things being equal, when your share price is in the toilet it makes sense to buy back your shares. But, in this case it does not make sense to "bite" the hand that may be feeding you in the future.
My two cents worth (or is that 4 cents due to inflation?)