Buyback in the current environment is silly. People here speculating that they will get a better price through the capital raising with Azure do not understand how an exploration company is being valued.
The only way to increase value is to increase your resource thruogh updating your JORC statement. The way you do this is you drill more, hopefully find more and then move your resource up by increasing it and by moving it from inferred-indicated-measured-probable and proven.
That's it. Therefore with no cashflow to spend money that does not serve to increase the resource is silly.
Like nymph have stated this company brings laughter to the market in the way they do things. Unfortunately they are dealing with peoples monies and livelyhoods which makes it very disappointing.
this guy is buying more shares back.., page-49
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