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Allied Nevada Gold ┼×irket Message Board

  • fewoo321 fewoo321 Aug 8, 2013 10:49 PM Flag

    Stock buyback

    i think company will announce stock buyback. In may, they sold 14 million shares at $10.75 for proceeds of $142.2 million. Assuming they start using that money to buy back shares at $4/share. That would be more than 35 million shares taken off the float.

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    • Sorry, just posted yesterday about email from Investor Relations. Tracey said they don't have money right now for a buyback. I suggested that officers start buying shares to increase credibility. I'm predicting a partnership soon with one of the majors who is sick of the BS in Africa (Zimbabwe) or Indonesia. Freeport McMoran is right next door in Phoenix for example and would love a strike-free gold mine.

 
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