Re: jsc52033 post# 218
Tuesday, 10/11/2022 5:46:01 PM
Tuesday, October 11, 2022 5:46:01 PM
So my question remains if its such a tremendous value then why hold so much cash ? Why not buy back stock? Other miners are doing so. I made a nice chunk of change off K-92 and Kirkland Lake which I used to buy into Fortitude so at this point that looks like a terrible decision if you look at the current stock price. If you look at the richest open pit mine in North America you will see the Pearl significantly at the the top of the list. Granted it may not last more than another year or two, or three. the trends we own still look well above the normal grades and with lower costs. So why not buyback stock? If all is as we hear the price should have plenty of upside versus sitting on$40,000,000 in cash with virtually no yield. Something is not making sense to me. What am I missing?
As the old saying goes when the world gives you lemons made lemonade...If the market is overly discounting your value then buy the overly discounted asset. Or is there another agenda in motion?
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