Good News & Bad News, page-12481

Share-buy backs are horrible ideas for companies going through a growth phase like this and should/would be the last thing the board would be considering right now given how volatile capital markets are. It's a hotcopper fantasy and the commentary is shortsighted.

The money people on hotcopper want them to spend on pumping the share price (which is ridiculous given cost relative to SOI to have any material impact) into the headwinds of the next two years is laughable.

Why would they spend some arbitrary figure of $100-400m like some posters have been saying on fixing up the capital structure when they are in a growth phase.

They should spend $400m on a JV with a converter for Plant 2 product as Dale has alluded to in the past and reap the benefits from entering the chemical market from feed from both plants into the long term.

My opinion is that if brokers and the wider equity markets saw them doing a buy back it'd look desperate and weak and signs of a immature/unexperienced board.

When you enter a phase like this you spend money building infastructure, a war chest, delivering key contracts on time, progressing mid-stream JV for example etc. Not managing people's expectations.

FWIW have held this stock for years and years and intend to keep on doing so - not downramping, but do not think these posts about a buy-back are not helpful or smart in any way shape or form lol.