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"Whitey, I'll bet you an ice cream cone at Pepe Perez's DQ in Santiago Matatlan, that they bought stock this AM." My favorite is a Dip cone...But I'll pass on the bet because you're probably right...I don't see how they would miss such an opportunity.
>>I don't see how they would miss such an opportunity.<<Why shouldn't GORO attempt to prop up the stock by repurchasing shares at these prices USING shareholder money? It's not as if management is risking their personal wealth.
Hey White,It is clear they have already bought some shares back. The 7/19 PR listed 52,911,516 shares outstanding. The 43-101 and dividend announcements listed 52,870,716 shares outstanding. It appears that GORO bought back 40,800 shares on Friday and/or Monday.2012 - Year of the Longs!Amadeus
Very interesting Amadeus...I like that..Reducing outstanding shares increases earnings and get allow higher dividends!