About time management commence a buy back
They are sitting on a hoard of cash and not doing anything
The stock is trading at some 30-40% discount to cash
Purchasing back 7,500,000 shares (10%) of the register would see the price double to 10c and cost less than $750k. A far better result than the $400k spent on last round of drilling
It would also remove the dead wood and leave the company with $5M to chase a project
Why management haven't initiated one yet is beyond me - it is money for jam
Hopefully they take a look at NGE and see their board was removed for being useless. At some point, one of the 5% holders will have enough and call a 249D hopefully
About time management commence a buy back They are sitting on a...
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