Thats interesting, page-12

It is clear why they are doing it, less dilution on market for future raises and putting a solid floor under the current share price... showing CONFIDENCE. Seeing this market buy back should encourage the market to buy in now, knowing it's very difficult for the share price to go any lower since the company will be gobbling up any sales around 1c. Management know that the next raise is a very long way away now, so it is a great time to do it! Over $8M in the bank right now and another $5M to arrive in February thanks to the recent Speewah sale to TVN. With just the two gold exploration projects going on, and surface sampling and phase one drilling, it is not going to break the bank. Personally, I do not see another capital raise until late 2024 at minimum. The only way we will get a capital raise before then is if management find something out of this world/economic in the next couple of drilling campaigns and they want to accelerate to mining stage asap. If you look closely at everything playing out, it is an amazing time to be entering/averaging down imo. The odds are definitely in favour of the share price appreciating.