GobiMin Inc. GMNFF

GMN has bought back 13 m shares since 2012

[nozzpack]

I was in the stock in 2012 and several times after that.
Nice share buybacks and regular dividend of  1 cent per year.

So, how beneficial are share buybacks to insiders ?
Quickly....13 m **0.40 = $5 million cost.

13 m ** 2.60 = $33.5 million current value.

[Malpeque2]

There 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. 

[nozzpack]

 Yes of course but they currently have NCIB to purchase up to 2,459,749 common shares. So, they are still  intent on reducing by significant amounts the remaining 4 m or so of non insiders. As continueing to remove almost all remaining non insiders essentially means virtually no public trading for GMN, a public listing is redundant and wasteful This convinces me  that going

[Dali81]

Gobimin going private is my guess too...it might still take some time though, but happy to wait... currently interested how they are going to use that extra cash

[auburn2]

They're looking for opportunities.

[Malpeque2]

MSV is a good one.    Company has gone no where for years and years.   Trading below the value of it's cash and securities.    Has two projects in China.   I have no idea if they have any value.   Perhaps Felipe Tan has an idea or knows mining people in China that could help him evaluate the "opportunity". Another I keep mentioning

[Dali81]

Africa oil looks good, haven't looked into their statements closely though... I already invested in othe oil companies here in Canada, Brazil and Spain... will check this company too... though I see the share price was close to just 1 CAD not so long ago