Australia's largest stock trading and investment forum Australia's #1 stock forum

X64

Click for more information

0.00%

57.0¢ ten sixty four limited

Thank you for that Great insight, that’s your best post so far!...

First 13 Last

Share
Profile

Follow
SilverTeenager

744 Posts.

106

24/02/23

12:23

Post #: 66444368
Share

Originally posted by x64action: ↑

Agree with everything you said. Monteagle is arguably the stand out. Has the potential to host a or multiple significant deposits, but Mt. Wilkin and Nivram are also very hot prospects. It is a massive landholding which has the potential to be its own gold district, and has the history to support that. They just need disciplined and methodical work. The program is there and it isn't expensive. The risk reward is massively asymmetrical.

The share buyback should be pursued with reckless abandon at these levels. There is no better investment than buying our own stock at these prices. Any on the ASX would kill for the free cash flow generation capability this company has. Couple that with a steady progressive dividend policy and let the share price take care of itself (don't use the buy back to manage the share price). Every penny wasted on corporate boondoggles, excessive salaries in Perth and luxury travel is a penny that isn't being diverted back to shareholders or toward unlocking value from our enviable land holdings in both QLD and the Philippines.

Expand

Thank you for that Great insight, that’s your best post so far! Fingers crossed we see things improve. Cheers ST

X64 Price at posting: 57.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 129 more messages in this thread...

First 13 Last

Add X64 (ASX) to my watchlist