$3.28/pps=(5M Troy ounces X $40/ounce) _divide 61M OS shares
1) SAEI is transparent
2) The Share Structure has not changed
3) They have 3 mines and are now purchasing a 4th
4) They have backing by the Ukrainian Government and the Local town
5) The company has done everything they stated they would do.
6) They have kept us informed of any changes or delays along the way before the deadlines on dates.
7) We HAD an NI 43-101 came out!
8) We have a conference call on the 20th!
9) We have several Buyout offers on the table!
10) We have several Joint Venture Offers on the table!
$3 MILLION DOLLAR SHARE BUYBACK PROGRAM!
DENVER, Nov. 22, 2010 /PRNewswire-FirstCall/ -- Supatcha Resources Inc. (OTC Bulletin Board:SAEI.ob - News) ("Supatcha" or the "Company") is pleased to announced today that its Board of Directors has authorized a share repurchase program of up to $3 million of the Company's outstanding common shares. The repurchase program will be funded by the Company's available cash.
Commenting, Nikolae Yagodka, CEO and Director of Supatcha said, "We are very pleased to announce this repurchase program to benefit shareholders at a time when we believe our stock is undervalued. This initiative will improve future earnings per share by reducing the number of shares outstanding. The repurchase program reflects the Board of Directors' continued confidence in the Company and the commitment to enhance shareholder value. Our shareholders have been and continue to be our most important asset, so rewarding them is a high priority. We have been astounded by the sharp decline in our share price over the past year. Nevertheless, we believe Supatcha's share price has become significantly undervalued based on the strength of the Gold market's current level and future outlook."
