Post by
upinmuskoka1 on Dec 20, 2021 12:52pm
Could someone please explain
"Under the TSX rules, the Company may purchase up to 7,963 Common Shares on the TSX during any trading day, which
represents 25% of the average daily trading volume of 31,853 Common Shares on the TSX during the six months ended
October 31, 2021"
with Aura looking to buy back close to 2.7 million shares even if they purchased the 7,963 daily limiit and with about 250 trading days per year they would not even reach 2 million shares.
???
Personally I think games are once again being played with this company and management needs to do a much better job promoting Aura Minerals. I wonder if the shares are being forced down so the company can purchase them back at an extreme discount.
As a long time holder I have seen it all with this ORA and anything that Paulo Carlos de Brito is associated with well nothing would surprise me.
Comment by
mitchcrazy on Dec 20, 2021 3:18pm
Could't agree more. I can't offer any insight but I'm picking up the same vibes. Something don't smell right here.
Comment by
Mrtkr1 on Dec 21, 2021 1:19am
The 2.7 million is the aggregate of the share buy back program and the BDR buy back program. The 2.7 million is not just shares!
Comment by
Mrtkr1 on Dec 21, 2021 6:19pm
It's definitely frustrating. I have been around nearly as long as you however I do have a large position. The aggregate means it's the combination of the stock buyback program and the BDR buyback program and not just the stock alone. If it was just the shares, there's just not enough time in a year to buy 2.7 million shares
Comment by
Mrtkr1 on Dec 21, 2021 6:21pm
That's supposed to say I have NOT been around nearly as long as you
Comment by
Mrtkr1 on Dec 22, 2021 2:17pm
anonymous pushing the sp down again!