Slats,
Nothing Bizarre, except for the question following its answer.
The two para in the CORRECT order, would have been...
Insider is still trying to figure out why a company apparently on the cusp of spending big money to develop a new mine wants to spend $40 million or so buying back stock,
CuDeco's buyback of 12.5 million shares, though, cuts back on the number of shares that Oceanwide can legally buy because it reduces the capital base. As of yesterday, CuDeco had already spent $21.3 million picking up 6.7 million shares.
See! Makes sense now....! I guess the writer had his editor on his back for a column and didn't have much time to think about what he was writing.
Anyway, there you have it. Mystery solved.
Thanks for bringing it up. Always good to see CDU in the press.
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