A1M 1.64% 30.0¢ aic mines limited

Ann: Daily share buy-back notice - Appendix 3E, page-6

  1. 12,259 Posts.
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    I'm failing to see how buying back 24k of shares per day is achieving anything.

    I'd been promised a substantial cash return and that's what I'd like to see. Then we just sit there with our IAU shares, a small amount of sustaining capital in the company, and Kitumba waiting for a miracle on 34th street with the copper price or some opportunistic Chinese company to offer us $25 million for the project tomorrow, sell it, distribute the proceeds and then hock the shell around town to some tech company with the next world beating idea.

    Eshmun
 
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