I would prefer to see shorts cover from a SP spike after a great purchase, not for them to get an easy way out through a Buy back.
All views are valid though, there is know right and wrong, just many options to add value and I do see where others are coming from. With current spot prices and the high likelihood they wont need to wind EH down early and the increasing likelihood Iron Hill will be mined, I imagine MGSx desire to maintain a very high cash balance will be diminishing and options like buy backs may become more appealing. I think if we see a successful insurance settlement that provides upwards of 20min cash a buy back may become very likely but I still feel up until this point, holding on to cash has been the correct strategy
MGX Price at posting:
21.3¢ Sentiment: Buy Disclosure: Held
(20min delay)
