bully article, page-7

  1. 15,866 Posts.
    "Coast miner raises $52m for share buyback plan."

    We do seem to have some real quality journalism here! CDU hasnt raised one single cent as part of its recent announcement, but the journo has them raising $52m. What a laugh.

    "is planning to lift the company's value through an estimated $52 million share buyback"

    Since when does any buyback lift the value of the company? A nonsense statement there that suggests the journo doesnt understand how it works.

    "It would be worth some $52 million at the present share price of $3.30."

    This makes it sound like a gain of some sort rather than an actual cost to the cash position. does the journo understand the process?

 
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