Not a bad time to sell that stake IMO based on soaring Copper and Nickel priding, not based on anything else though, I have no in depth knowledge of VXR at all, just a brief Google search and snap judgement.
I would be hoping they plough those funds into a share buyback for NST, we were already in a net cash position as a merged entity, still producing strong cashflows and profits at current Gold prices.
It would seem to me to be very appropriate launching a buyback to the tune of at least around $50-100m, tiny in the scheme of things in regard to both the total market cap and the balance sheet.
Of course it wont happen, as that type of sensible capital management decision always comes second to trying to launch takeover bids and mergers to aggrandize CEO's.
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Not a bad time to sell that stake IMO based on soaring Copper...
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$15.79 |
Change
-0.040(0.25%) |
Mkt cap ! $18.14B |
Open | High | Low | Value | Volume |
$15.88 | $15.99 | $15.75 | $45.85M | 2.895M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10836 | $15.78 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.80 | 1226 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10836 | 15.780 |
1 | 300 | 15.750 |
1 | 14837 | 15.740 |
4 | 20737 | 15.730 |
1 | 14837 | 15.720 |
Price($) | Vol. | No. |
---|---|---|
15.830 | 1400 | 4 |
15.840 | 14871 | 3 |
15.850 | 14837 | 1 |
15.870 | 14837 | 1 |
15.880 | 14837 | 1 |
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