Agree, use the cashflow to build the mine up to full capacity and find more ore. perhaps in a year or two they have a bucket load of cash, then worry about the corporate stuff, either cash returns to shareholders or buybacks. at the moment there isn't a lot of shares being traded, so a buy back will have only a small impact.agree, so buy them yourself?
a share buy back returns value back to continuing shareholders by reducing the number of shares on issue but not reducing the value of the company. therefore the share price should increase and when dividends are declared, the dividend per share should be higher.
but for KCN, or any company, to do a buy back they need cash, but free cash. would you rather KCN spend their money buying back shares or spending money on getting the mine back so it produces more money so shareholders get more long term gains?
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