"buying back shares does nothing for cashflow"
Buy-backs are negative for cashflow.
Not just the lost cash spent on the buy-back, but interest if it was funded by debt for example, or simply lost potential from lower re-investment.
LotusHall gave us a loan (at a high rate) because it would benefit them directly by helping us to get back to mining. So they get double benefits - 10% or however much, plus mining contracting fees. And the funds are being put towards commissioning - improving cashflow, reducing risk.
A bank would not have the double benefits to fall back on, and if used on a buy-back, the funds would be leading to weakened cashflow (cash gone, no re-investment in assets, interest still due).
BUYBACKS ROSS - with every last cent, close the VIP door for good, page-800
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$1.40 |
Change
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Mkt cap ! $345.3M | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.40 | $1.35 | $147.0K | 107.0K |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2806 | $1.39 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 20293 | 6 |
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