"It worked an absolute treat stuffing up and no doubt infuriating our manipulators/shorters last time….top idea …"
What? Seriously gjcl? Explain how it worked.
As far as I can tell the company used shareholder money to buy shares at well over $3. Some time later they realised they needed money so did a cap raise at $2.50. Today the price is under $2.
So, as far as I can tell, the shorters from the time of the buy-back are miles in front. Also, the company wasted money it needed for capital costs through the buy back.
Yeah right, top idea. About as good an idea as it was the first time around. Only added to the company's credibility.
And regarding the company not releasing the numbers from the DSO, the best past example is from when the company stalled releasing the resource update by continually drilling. Over 300,000m of drilling to be precise. Finally it came in August 2010. How did that one turn out?
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