cost cutting - small holdings buyback, page-15

Has any one thought about the cost to the company. Suppose they will purchase 100m share, it will cost around $120m to them.

I think instead of this buyback, they should invest this money in exploration or consolidate the shares.

The max. price we could see in near future is $1.30 - 1.50.

All there jewels are gone, so for a one producing mine company $4.5 bn mkt cap is big.