dont agree. this is the method most goldies follow. add zero value to the SH and the minute POG drops, guess what, down the toilet anyway. Same here, we have a roaring POO.......how long will this last? who knows? so "make hay" aka, send us some luv, pay the cream in divis, call it "special" but pay it. watch the SP skyrocket. as if we cant afford a $10m periodic hit! we'll be awash with cash at this POO. This sugar hit would do wonders to our SP without limiting our ability to grow the acreage and do drills. Surely our cash balance at 30 Sep will be ripe for the plucking....
at the end of the day, we are the holders/owners. Pay us the cost of our capital. do it in both capital return (which will only happen with strong POO) or via regular cashflow.
BB are uselss during the BB interval. they shouldve accelerated this. they should also conduct a small parcel BB to remove tail enders off the register and save registry fees that way. Im for this BB to end, and fast, or in the least, quadrippled in the same period (to end by yr end) to remove >1.5bn shares off the register!
BRK Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
(20min delay)