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Claude Resources, Inc. Message Board

  • valueminer valueminer Apr 9, 2014 11:18 AM Flag

    Share buyback to add value

    Given that the book value is somewhere around $0.80 and the current shareprice at $0.175, management may want to consider a share repurchase. Now that the balance sheet is more stable, this would show the shareholders that they are thinking about shareholder value. In addition, this would be highly accretive to earnings given the low share price. If they would declare a $2.5M repurchase at the current shareprice, they could reduce the float by almost 14M shares, which is about 8% of the float. We have a $2.5M payment coming in the next six months from the Madsen sale.

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