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Re: dig4gold post# 9420

Sunday, 01/27/2013 12:59:14 AM

Sunday, January 27, 2013 12:59:14 AM

Post# of 380528
With the pressure of people wanting to get in with an upcoming announcement of 120 million share buyback on Friday, I think it could get a little exciting to say the least. In my opinion I think the company has already bought back the majority of those shares. Why would they announce this if they are buying some of them on the open market. Announcing this only made it more expensive to buy back more. By spacing this out I think it was a strategic method in trying to get the PPS up higher for future contract negotiations.

This email response was on the 23.

"We are looking at completing our buyback by the end of the week, for a total of approximately 250m total and will make an announcement when the buyback is completed."