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San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.

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Message: Re: 10 Year Grind buy back?????????????
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Jan 06, 2012 12:10AM
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Jan 06, 2012 12:28AM
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Jan 06, 2012 01:37PM

i certainly hope not............how would this benefit the company....buy back 10 million shares at 2 bucks is 20 million......first of all they do not have 20 million in excess cash....and even if they had the cash it would be a foolish allocation of capital......seeing as they will need upgrades to equipment and infrastructure.......no..... better that they sink any excess cashflow into the bussiness.......get more gold at a lower cost....this is what will firm up and increase the price

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Jan 06, 2012 03:47PM
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Jan 06, 2012 05:57PM
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Jan 06, 2012 10:23PM
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