Banter and General Comments, page-8885

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14/08/19

08:23

Post #: 39983942
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Originally posted by sensible123: ↑

Just hypothetically, the money GXY invested in A40 were used for the shares buyback - say Shares buy back scheme of "upto"10% (open ended and option to terminate any time if required) of total shares issued over 9 to 12 months duration.
GXY share price would probably be around at least $2.00 or better per share, and possibly into 30 milllions shares bought by now (with most of the shorters out of the picture) and shares register reduced to around 380 millions shares outstanding.
What a ripper outcome !! compare to the predicament we are in now.
The approximate cost of buyback would be around $45 m by now, far outweight the MC of $320m protected and reduced the shares on issued, therefore increase overall value in the future.

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And, just hypothetically, after the dust has settled following your multi million dollar buyback plan, how long do you ..honestly.. think it would be, before Wall St would simply once again, refocus their ‘shorting auto-bots’ upon GXY’s ..temporarily.. increased SP......??

Don’t get me wrong, I too would like to see our SP rise, but, expecting the company to now burn through its currently available extremely valuable pool of Capital on an IMHO, ill-conceived ..short term.. SP raising, buyback, while the entire Lithium sector is still being targeted by Wall St, is absolutely, just a complete waste of the company’s money.

GXY Price at posting: $1.22 Sentiment: Buy Disclosure: Held
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Banter and General Comments, page-8885

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