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Message: Re: Here's the thing
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Aug 13, 2012 04:12PM
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Aug 13, 2012 06:23PM
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Aug 13, 2012 06:46PM

The share buyback is done with 15% of revenue, and indeed was carried out with the small amounts of revenue reported in the previous quarterlies. But the revenue has been so far below projections because of the low mill efficiency that the share buyback has been insignificant compared to the dilution that has been going on. Much less than the number of shares given to the mill manager after tripling his salary and paying it in advance, for example. I doubt that the upcoming 10Q will show either much revenue or a significant share buyback. And with the increased mill efficiency off in the distance somewhere, our best chance for an increased share price is drill results.

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Aug 14, 2012 09:38AM
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Aug 14, 2012 01:15PM
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