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Monday, January 08, 2018 7:19:02 PM
One issue is SANP's OS count at 7.35 billion shares. If all else between MGTI & SANP were equal (and it isn't), the different share counts would mean that SANP shares would be 1/150th the pps of MGTI shares. (but nothing at all is "equal" between the two, so 1/150 is NOT a valid basis to price either vs the other...).
"Would a share buyback make sense?" I don't know... To me, yeah.. I like to see a company buy back it's shares, it strengthens the position of every remaining share. A buyback from mining proceeds would be a good way to distribute mining revenues without the hassle of sending out dividend checks. We would see a steady, measured decline in OS count, without the negative impact of a RS. So market cap should continue to grow in step with mining revenues, and share price should rise as book value per share rises from the falling OS count in the denominator of BV/S. Essentially, when a shareholder wanted his share of mining revenues, the remaining shareholders (thru the company) would "buy him out", buying back his shares for mining revenue cash. The longer a shareholder stays in, the larger his share of mining revenues should be, and his buyout price should be higher because of it. I like it, hope it happens this way.
This is my opinion. There are many others like it, but this
one is mine! My opinion is my best friend. It is my life. I
must master it as I must master my life. Without me, my opinion is
useless. Without my opinion, I am useless.
Recent SANP News
- Form 10-12G - Registration of securities [Section 12(g)] • Edgar (US Regulatory) • 02/01/2024 09:55:44 PM
- Form RW - Registration Withdrawal Request • Edgar (US Regulatory) • 01/31/2024 10:11:21 PM
- Form 10-12G/A - Registration of securities [Section 12(g)]: [Amend] • Edgar (US Regulatory) • 01/19/2024 09:46:51 PM
- Form 10-12G/A - Registration of securities [Section 12(g)]: [Amend] • Edgar (US Regulatory) • 01/11/2024 09:59:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/14/2023 05:27:38 PM
- Form 10-12G - Registration of securities [Section 12(g)] • Edgar (US Regulatory) • 12/05/2023 06:30:59 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/12/2023 03:39:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/06/2023 05:03:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/04/2023 02:24:15 PM
- Strategic Joint Venture Signed by Santo Mining Corp. and Planta Vida S.A.S. • InvestorsHub NewsWire • 10/03/2023 07:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/12/2023 04:46:55 PM
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