this guy is buying more shares back.., page-36

Hi Bitzer,

As much as I would like to agree with you have posted - I can't.

Your comment: "best thing that it can do with excess capital right now is to buyback its own shares."

Cudeco does not have excess capital as it still needs to build a plant to mine. Numbers touted are approx $200m. It would be excess capital if we were producing income from mining and all infrastructure was in place and then we would hope excess capital would be paid out as a dividend.

IMO the buyback is to protect the price from falling below $2 which a lot of short term traders would like to see happen. WM is protecting his company from faller lower and allowing a cheap takeover.

Appreciate your thoughts and opinions however and wish it was indeed excess capital.

Cheers,

Waltz