keep in mind we probably have about 25m after paying back the flames loan. However if things haven't picked up by next quarter I seen no reason not to do at least a 5m buyback to keep us investors happy and get us into the green.
I definitely want the company to maintain at least 20m in the bank which could either fund two wells or give us plenty of leeway if oil were to somehow tank significantly. But yeah if we have 30m+ next quarter and everything has gone BAU with Flames and sp is still no higher then 2cents I don't see what benefit keeping an extra 5m in the bank will do so hopefully they will consider a modest buyback. Just my opinion, still very possible for a left field announcement as was suggested in the webinar. It's not time for the pitchforks and torches yet but I would definitely like to see management take action to get sp to around 3c by end of year. Anyone else got an opinion on the matter?
Banter and General Comments .. BRK, page-5664
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