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It is interesting LMR in that you don't see many mining...

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27/11/14

23:03

Post #: 14368360
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Originally posted by ibuybulion ↑

This has played out pretty well to script. Low volume as buyers step up.

What is intriguing is the investor evening planned on Monday night, UK time. Wondering if Bushvelds has a change of strategy, from failed TO last year, 3% stake bought from sub holder and what seemed (or was) an orchestrated controlled seppuku down to 3.1.... until buy back announced. They own >110,000,000 shares and maybe worked out its in their interest to get this a lot higher....

finch2, up until recently this was looking like an ugly stock, but one I thought I understood. The $15 million is still there and a TO is still very much in play. IPP license decision due which could add another $10-15 mill to valuation. There's now even more to like about LMR

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It is interesting LMR in that you don't see many mining companies doing share buy backs.Usually it is going the other way and they are issuing shares left right and centre.The cap is $9 mln and the cash is $15 mln.Yes possible takeover and that would get the price up.
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