KCN 0.30% $1.67 kingsgate consolidated limited.

Dan, your numbers are not correct, which, isn't a big thing....

  1. 173 Posts.
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    Dan, your numbers are not correct, which, isn't a big thing. However, you refuse to learn from repeated attempts to push you off an incorrect thought process. Let me (one final time) plant a seed of particular thinking.

    Let's, also forget that we are not talking binary here. We are chewing gum while walking. Something you also struggle with. The fact that we can do a buyback and mine and explore and buy water and brooms.

    Now, let's assume that for USD$2m we can procure an amazing solar farm that saves us thousands every month and millions over the 30-year life of the solar system. This is an excellent move for shareholders as it saves us money in the long term. However, it is currently a stupid idea because the SP is $1.5 (was under $1.2 not long ago from a pre-raise price of over $2). This $2m from the "solar farm" and much more is far better spent buying shares at 1/2 to 1/4 of their value. When the opportunity is there. IT WILL NOT BE THERE FOREVER. However, the opportunity to buy a solar farm is still their next year and the year after and so you only loose 1 or 2 years of solar production to buy a share at a 1/2 to 1/4 of the value.

    Put that math in your pipe and smoke it.

    But seriously now. We are all on the same page. We want as much money out of this as possible stock. The way to do this is exactly as Lovegod and Fitroy5 and other people with millions of shares want. A continuous buyback. Just like what AMP are doing, an up to $350m or 500m share buyback over the year. Simple.

    We buy back shares for the next two or three years and sell the company.

    A 1 Billion $ company with 250m shares = $4

    A 1 Billion $ company with 200m shares = $5

    A 1 Billion $ company with 150m shares = $6.6

    A 1 Billion $ company with 100m shares = $10

    Is it better to buy those shares back at $1.2 or $1.5 or $2.5 or $4

    Over and Out.
 
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