RE: Outstanding shares are killers"Man it's too bad that there are so many outstanding shares for the size of the company."
I totally agree.
"30 million dollars of buy back doesn't even put a dent in the number"
They don't need to buyback 30 million shares. All they need to do is announce a buyback program to the TSX of their notice of intent to buyback up to 10% of the float. This alone would signal the company's beleif that their float needs to be trimmed. It maximises shareholder value, and guess who the biggest shareholder is?
"I say because of this they'll be 10 years getting to a couple of bucks"
It will be alot less than ten years. Anyone know the list of marketable securities Northern has in the coffers? How have some of these securities done in the past 3 months?
You solicited opinions; Hope you understand mine...
Regards;
GROG