A buy back at current share price would be an 25% IRR at no additional risk.
I yet have to see the (revised) Rentails projections, but I very much doubt that carrying a 25% IRR, unless it was almost all funded by a Yunnan Tin prepay, but then you wouldn't need to hold on to all that cash. Would be nice if management would actually share projections of the revised project with running it trough the Yunnan Tin fumer, for us all to see what is more beneficial for shareholders.
As for Greentech. Never going to happen. If it would happen APAC would buy it, imho. They are hardly about giving away presents.
They are probably going to do a token dividend of a cent or so, and everybody will be happy
This company needs an activist shareholder making sure APAC get their priorities more balanced imho.
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