Wednesday, April 15, 2009 11:33:22 AM
One reason.
Because the shares are being bought for the employees.
Wilf knows that his employees are doing a great job, and he wants to keep them happy. So, he offered this generous idea where 1/3 of the gold buying profits will be spent on buying shares, and those shares will be put into an empoloyee account.
I think WIlf WILL buy the shares, because the employees are expecting it. I think he knows that this is something he MUST do, so he shall. And it IS a great thing for the employees. They have busted their tails to do a tough job, and have done it without a 401K program or a stock incentive program or lots of other benefits bigger companies can offer. This is something that is due them IMO, and after saying he would do it I think Wilf knows he must follow through on it. And I think Wilf is doing the right thing by buying these shares for them.
So I think it will happen, and it will be a nice upward pressure on the stock.
OKay, off to work things for me. Later ...
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