What a weird reply to a poster asking for a buy-back.
We are all well aware of suppression of the share price and "manipulation" as stated by others on the forum.
Our total debt is circa AUD $27.5m and we have cash, bullion and dore' of of AUD $23.9m so net debt of AUD $3.6m
Timelines for debt repayment are:
Nebari: USD $10.526m on 22nd June with an option to extend to 22 September
Pref Shareholder: AUD $13m call it repayable on 25 November (She would give us an extension if we asked)
Thus, it is not hard to work out that we now have no financial issues other than PMR cash flow issues and as such should start a small buyback of shares.
This is the stated wish of the senior management of this company and the ONLY thing that can be discussed is timing of such vs scale of the buy back. I am saying that a small buyback now is fine. I assume plant 1's mayor expenses are prepaid and will be running in a few weeks.
This company needs to actively do something. That something is a small buy back.
What a weird reply to a poster asking for a buy-back.We are all...
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$1.58 |
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