MMX 0.00% 4.7¢ murchison metals ltd

share buy back 1.67, page-8

  1. cpg
    3,625 Posts.
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    I agree .We can only blame ourselves.

    My point is that i would dearly love to buy More MMX at these prices.

    A buy back is a way of saying to the market. We your MMX mgmt also believe in this company. If MMx didnt have this cash from MIS I would not be arguing this but we do. We as shareholders need to see MMX mgmt supporting this company with some of the funds.

    A Sharebuyback a creates less liquidity.
    b sucks up the nervous nellies
    c provides a good return for MMX based on future projections
    d Installs confidence
    e puts off the shorters


    $60 million would be enough to stablise the company above $3.00
 
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