So, we have $30 million in the bank and our burn rate is going to fall to somewhere around $10/yr That means that the company has about $20 million that they won't be needing for a year or 2 or more.This money is just sitting in some bank making next to nothing.
I think they should take $5 million and buy shares of kxl! Think of the advantages.At around .50 a share kxl could take 10,000,000 out of trading and put them in safe hands. A floor price would be maintained if buying took place over a few months. We all know kxl is going up, right? So later management could sell back the stock at a profit to do more drilling or infrastructure work and would not need to do any more dilutive private placements!
We could then invite then to the Vegas party. Not sure about the legalities, but what a great investment opportunity and show of confidence it would be. Rico