KINGSGATE CONSOLIDATED LIMITED. (ASX:KCN) - BUYBACK 50% of stock approval at AGM - Awesome!, 70317534, page-6 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by LoveGod: ↑

FINALLY !! the Lovegod can know move forward and return to the Lovegod of the last 5 years!

.
.Most importantly for the following reasons:

Buying back stock with profits next year /sale of Neuva Esperanza ELIMINATES the potential of them stuffing everything up like they did from 2012-2015
Buying back stock and cancelling those shares forever get us to Lovegod's goal of less than 200 million shares on issue which means a +30c dividend will only cost them $60 million to pay which should be a piece of cake from 2024 provided Gold just holds these levels.
Buying back stock with profits eliminates them having too much cash & them thinking let's blow some money on new Coconut brooms , Air conditioning units, +2 million trees, unlimited free lunches, etc, etc, etc, etc.
Since the placement , Since the total shareprice destruction because they were blowing money should have taught them a very very big lesson that if you concentrate on being a politician and licking everyone's A$$ cracks for a nice selfie you will DESTROY the shareprice.
Buying back stock will bring enormous confidence.
Buying back stock should help stop the Thai's picking our pockets if there is too much cash sitting in our wallets !

I'm back

But rest assured, these last few month's shareprice destruction is most definitely on Mgmt heads for flying around and taking selfies instead of using every available cent to buyback placement dilution below $1.50 whilst the opportunity was there.

All Ross the Cookie monster needs to do know is stay at home, eat as many cookies as he likes, just don't $uck this up and do anything except buyback stock & pay dividends.

Simple.

Hot Thai girls love the Fat old white Guys for some reason, So eat Cookie Monster, eat & buyback stock !....

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Reasons why Lovegod voted NO to re-election of Nucharee Sailasuta as a Director :

Conflict of interest: - Nucharee's company Lotus Hall mining contractor is our biggest expense in Thailand.
Fox in the Hen house: - Nucharee would always put her own company & Thai interests before KCN foreign shareholders.
Conflict of interest when it comes to negotiating our biggest expense being Mining contracts.
Thai people have shown that Thai people will ALWAYS look after Thai people first & foreigners second.
Zero benefit over the past 20 years from her so called excellent government relationships as we were illegally closed Down and recently endured the ridiculous 2 month opening delay followed by another PMR refinery delay both whilst she was a director.
Wasting more shareholder money paying her +$40,000 to attend 2 meetings that could have been spent buying back stock
She was a secretary for 30 years & "inherited" lotus hall from her deceased elderly Australia husband is something that would concern your mother if you brought her home to dinner to meet your mother wouldn't it .

Maybe going forward KCN just has directors that stand up against endlessThai drama's, instead of bending over to them & letting them continue doing as they please to us.

The strategy of being "nice" has got us into this mess over the last 10 years, maybe it's time to stand up for ourselves.

You do not get a spot on the board gifted to you for simply giving us a loan at double market rates of +12% & being cute & cuddly.

Let's put this into perspective : in 1997 whilst Nucharee was still a secretary, Lovegod was Vice president of a Wall street , New York , USA Financial institution trading billions of dollars worth of stock each year & i don't think KCN shareholders need to be paying shareholder money to any excess director when the only decision that needs to be made over the next 7 years of Gold feasting is BUYBACK STOCK with profits.

I do like my new Ross the Cookie Monster mascot though ! She can definitely be on the Board !