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I do not believe that buying back your

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jimbo8   Thursday, 03/19/20 03:10:44 PM
Re: NYBob post# 721
Post # of 772 
I do not believe that buying back your own stock is the best (or anywhere near the best) use of funds. All it really does is increase the amount of the treasury stock. On the other hand I can see the reasoning from recent happenings, 1st) The stock is cheap (but so are all metal commodity stocks). 2nd) After the Detour purchase the stock got lambasted because the investors perceived the transaction as a 40% stock dilution.

However, we all know that these are not good reasons. I would rather see KL use their excess funds to either buy additional mines/mining companies or,
speeding up the process of converting the Detour mine into the KL model mine. Come on guys, you do mining best!!! Take this opportunity to compound growth by spreading your "franchise"!

JMHO

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