Anybody talk to Matt Wilcox ?
Might be an opportune time suggesting that buying back 10,000,000 shares a month at this low shareprice is the No # 1 thing he could possibly do with a small portion of this free cash flow.
This time next year having just 900 million odd shares on issue would mean dividends +10% higher for long-term holders.
This time in 2025 would mean just 790 million odd shares and a very nice big fat dividend for the rest of the life of mine.
(They did a placement to Chinease to fund the mine at 57c and buyback and cancell below 47c is not a bad idea at all ! )![]()
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Buyback 10 million shares a month
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