posted on
Mar 15, 2013 08:51AM
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Message: PR
Hey Spiny: since you've been to annual meetings, was the question ever posed to PQ et al about why they do not yet seem to be using some of the dore revenue to buy back a substantial number of shares? I know this was part of the plan because RK told me so in a telephone conversation a year ago so I find it mildly frustrating that if they have dore and/or dore revenue that they wouldn't support the stock price to bring it back up to some minimal level, say 10 cents for grins! Sure on one hand they could say that they are waiting for the next liftoff in PM prices so they could buyback more shares, but that would not make good business sense because with a dramatically declining share price, you're buying back many more shares NOW which is a bird in the hand. If the share price turned around and rose quickly on it's own for some reason, it would take an enormous rise in PM prices to buyback the same number of shares that they could buyback now at these low prices - if you get my drift! Curious for your thoughts and those of Pic and others on this issue that bugs me the most! Khaki
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