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Gold/Mining/Energy : Tri-Vision & The V-Chip -- Ignore unavailable to you. Want to Upgrade?

To: Graham Dellaire who wrote (3361)	7/9/1998 10:19:00 PM
From: John Sladek	Respond to of 5743

Graham >>Rumor has it (I will qualify everything I say like this so get used to it) that the board including Tim Collings will be discussing a share buyback Interesting post. If your rumoured share buyback materializes it could help the stock, but this is not always the case. - Sometimes the share buyback is announced but the shares are never actually bought in the numbers anticipated, or - Sometimes the shares are bought and the stock price does nothing. Buybacks where all the shares are bought at once through a tendering process (such as the recent dutch auctions tenders by Imperial Oil and United Dominion Industries) tend to move the stock a lot more (both of these stocks moved up a lot following the dutch auction). Given the rumoured nature of the buyback of course, this is a purely speculative discussion at this point wrt TVL. It would be a better news, IMO, if we find that the insiders of the company were buying shares on the open market at recent prices with their own money. A buyback is essentially a way of spending the company's money to increase the controlling shareholders and managements proportional ownership of the company (you don't think that the insiders would be selling during the buyback do you). Regards, John Sladek