I'd rather see a share buy back then dividends paid at these stupid levels. Nothing crazy. Maybe 5% of the company over the next 12 months.
We have 673 mill shares. If the company started a buyback of 5% of stock that would be app. 33.6 mill shares.
At an avge of say 40c over the coming months, that would cost $13.4 mill.
They will have endless possibilities to raise cash down the track at a higher shareprice level if something exciting comes their way.
Personally, I believe the buyback would be a wise investment in itself.
Food for thought.
mm
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