If Lenigas bought back even one share he sold at 0.4p just a couple of months ago for 0.47p I don't think many people would view that as being a very wise strategical move and perhaps begin to question his judgment.
Would there be any merit in the board buying back rem shares to hold in treasury? Say Â£500k worth. This way if the Mexico asset is sold in the future rem could pay shareholders a special cash dividend and still have potentially tens of millions of pounds to focus efforts on Greenland.
when i first starting 'training' as a market maker 28 years ago, i'd sometimes get baffled at price movements on the exchanges and ask my boss (who'd been in the markets for about 35 years already himself, with top houses), why did that go up today? most days, he's look at me pityingly and say, "more buyers than sellers". that's about it, basically.
98% of the gripe on AIM about market makers is absolute bullish*t by pis who want to blame someone else for not making better investment / trading decisions. just check out how many posters on qpp are ranting about how the evil market-makers in league with the organised shorting attack against them.
many comets thought to contain high concentrations of valuable minerals, we'd be rich beyond our wildest dreams. after all, look what the last big one to hit near the yucatan did for the thriving dinosaur economy.
Another issue IMO is that getting involved in investing has become very accessible. People are investing with very limited knowledge and are jumping in and out and making unpredictable choices. That makes the markets very unpredictable. I'm guilty for sure.
Overall though I think the SP would make more sense if there was an understanding that your share entitled you to a certain percentage of that years profits. Re-investing instead of paying dividends does make sense but it also relies on people putting a lot of trust into a business.
My 2p. If everyone bought tomorrow and no one sold, we'd rocket. If everyone sold, we'd plummet. Simple. Yes there are people in the middle twisting it slightly but it comes down to what people are prepared to buy and sell for.
There is a fundamental issue especially with the AIM market where profits aren't returned to shareholders which essentially means a holding is worthless. We might as well all by buying shares in a rock. The rock could be a better investment actually as it wouldn't issue more shares to pay it's wages every now and again. REM might be sitting on a small fortune in the near future but will they share the cash or "invest" it further?
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