$3.1 million for buyback shares strongly suggests that AABB is budgeting carefully for the buyback incrementally. $3.1, at today's share prices calculates to 30 shares per dollar , or 93 million shares. Bashers are saying there is no buyback occurring, and that it doesn't mean anything unless the shares are retired. But , what those 93 million shares provide is a reduction of outstanding shares, which may be used for funding operations without another dilution action. It also may be used for the buyout of W/C. The quarterly report indicated $8 million to debt settlement.
They appear to be fiscally mindful of spending, so they do not need to dip into the dilution scenario.
And then they could fund the cost of labor and equipment and fuel. The funds from the sale of Bonanza, is yet another indication of mindful fiscal calculations. There has been no dilution scenarios in 18 months.
If/when they bring in revenues from La Paz and/or El Amparo, the cash for spending and cash reserves are expected to create increasing financial stability.
Fiscal management is crucial, and they are timing finance with mine development and operations, and buyback and buyout, appear to be in play. At first , when I saw the progress of the facility, I began to believe. Now I see yet further indications that AABB appears to add the fiscal management component. CT , to me, as a CEO, seems to be doing a solid job. He is, effectively doing a one man team, with BOD input. Despite what the bashers want longs to disbelieve, the progress is self evident, at lease from this outsider's thought processes.
Market Data 
Markets 
AI
