Yamana Gold Inc. T.YRI

Share buybacks

[forkliftguy]

Yamana is doing a lot of great things . They are making good money , increasing reserves and pay a dividend  .  They need to do two things in order to create value .  1)  Reduce debt .  It's not terrible , but still should be paid down ,   2)   There are way too many shares outstanding in this company -   964 million  is way too much  for a company with less than 2 billion dollars in revenue . While the share price is low , while interest in gold is low and when they are making ton's of cash , BUY BACK the shares  now .  Then when earnings are reported , their earnings per share will show  continual improvement .  I own , for me a fairly large holding of Yamana as well as three other similiat sized gold stocks . With the U.S. federal debt completely out of control  ( Almost 28 TRILLION , That is 28 thousand Billions ) , I feel gold will make significant gains in the years ahead.   Any other opionions ?

[Ronbromleygross]

I like your user name- lololo I agree with every word you have said here. There is nothing wrong with the company.   Their debt will be repaid 100 percent by end of next year since they create great free cash flows so I am not worried about this part of it.   The problem is with the outstanding shares.  Way too high.  Many people have been writing in to the ceo