you really think a pre cash flow, pre production mineral explorer should do a buyback? And then what happens when they coffers are dry? The shorts would just wait to see the back end of the buyback period and hammer the stock on the expectation of a placement requirement which is perhaps why you are advocating it.
Buybacks typically occur when a company has excess free cash flow vs. expected future expenditure.
The resource quality, scale and jurisdiction will stand up for itself or not as we move through the commodity cycle.
PMT Price at posting:
27.5¢ Sentiment: Hold Disclosure: Held
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