Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
In many cases, spending a billion quid or so on share buybacks is preferable to a vainglorious acquisition; loads of research papers have concluded that most blockbuster acquisitions destroy value rather than create it.
On the other side of the coin, having a low share price and a big pile of cash on the balance sheet makes a company look like a proverbial sitting duck to foreign predators; given that UK companies seem to be operating in the global equivalent of Poundland at the moment, a share buyback programme might be the best bid defence there is.