KCN 0.32% $1.56 kingsgate consolidated limited.

BUYBACK 50% of stock approval at AGM - Awesome!

  1. 831 Posts.
    lightbulb Created with Sketch. 2093
    FINALLY !! the Lovegod can know move forward and return to the Lovegod of the last 5 years! biggrin.pngsmile.png



    https://hotcopper.com.au/data/attachments/5649/5649217-e40e097aced53753da30a0a1020d00fb.jpg


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    Most importantly for the following reasons:

    • Buying back stock with profits next year /sale of Neuva Esperanza ELIMINATES the potential of them stuffing everything up like they did from 2012-2015 sneaky.png
    • Buying back stock and cancelling those shares forever get us to Lovegod's goal of less than 200 million shares on issue which means a +30c dividend will only cost them $60 million to pay which should be a piece of cake from 2024 provided Gold just holds these levels.
    • Buying back stock with profits eliminates them having too much cash & them thinking let's blow some money on new Coconut brooms , Air conditioning units, +2 million trees, unlimited free lunches, etc, etc, etc, etc. rolleyes.png
    • Since the placement , Since the total shareprice destruction because they were blowing money should have taught them a very very big lesson that if you concentrate on being a politician and licking everyone's A$$ cracks for a nice selfie you will DESTROY the shareprice.
    • Buying back stock will bring enormous confidence.
    • Buying back stock should help stop the Thai's picking our pockets if there is too much cash sitting in our wallets ! confused.png

    I'm back cool.png

    But rest assured, these last few month's shareprice destruction is most definitely on Mgmt heads for flying around and taking selfies instead of using every available cent to buyback placement dilution below $1.50 whilst the opportunity was there.

    All Ross the Cookie monster needs to do know is stay at home, eat as many cookies as he likes, just don't $uck this up and do anything except buyback stock & pay dividends.

    Simple.

    Hot Thai girls love the Fat old white Guys for some reason, So eat Cookie Monster, eat & buyback stock !.... what.png
    https://hotcopper.com.au/data/attachments/5649/5649288-a40467511bee3b69c57ac99b4b2212c4.jpg

    https://hotcopper.com.au/data/attachments/5649/5649261-27174f2453d04d5957aaaa9fb08017dd.jpghttps://hotcopper.com.au/data/attachments/5649/5649275-cba5ab16e81e2464b36d562b39352d75.jpg
 
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