I detect a hint of cowardice from the mining nut. A few well placed questions, going unanswered.
I just want to highlighting a dash of bravado. One sees a number of outlandish comments and predictions, that come across as fact.
There is also a hint of sloppy work, which I have pointed out before. It is fairly regular quite frankly. I wonder if there is actually a pinch of incompetence within the mix...
I am fed up with your disinformation or hiding information in a bed of work. Your cash flow model looks like a Picasso to the untrained eye, but in your last cash flow model, you left off AUD 17m and then talk absolute rubbish about when a buy back could realistically be done.
You also value this company at $2,23 like the conservative back room accountant you are. Do not let this miningnut anywhere near the drivers seat, whatever you do.
$120m * $5 = $600m / 269m shares (fully diluted) = $2.23
Also, anyone that suggests a dividend should be paid to a share that is at a drastic discount to it's fair value is a moron. I mean everyone. If there is a dividend on this share while this share is less than $3 - they I will conclude that the management are morons too.
EVERY SINGLE LAST CENT - NEEDS TO BE SPENT ON A BUYBACK OF SHARES - UNTIL THIS SHARE REFLECTS IT'S FAIR VALUE.
The management of this company need to unwind over 50 million shares they have issued getting us back to mining.
Miningnut - do not expect me to stand by while you pollute these forums with posts that look like a Aston Martin but are a donkeys.
I won't expect a reply.
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