(NewsDirect)
TRU Precious Metals CEO Joel Freudmanjoined Steve Darling from Proactive to share news the company hasrecently announced a normal course issuer bid to repurchase up to 10%of its publicly-held shares, amounting to approximately 9.7 millionshares.
This strategic move isdriven by the belief that market conditions undervalue the company.
Uniquely, TRU Precious Metals hasimposed fiscal discipline, capping expenditures for the share buyback.The CEO emphasizes managing cash efficiently while seizingopportunities to acquire shares when deemed advantageous.
This initiative aims to safeguard thetreasury, eliminate selling pressures, and consolidate ownership amonglong-term core shareholders.
Friedman underscores the company's confidence in itsprospects, citing recent high-grade copper and medium-grade gold assayresults from the Golden Rose project.
The positive outlook is reinforced by strategic investments andshare purchases by core shareholders, reflecting their belief in TRUPrecious Metals' value and strategic direction.
Lookingahead to 2024, the company anticipates a busy year with plannedexploration and drilling programs, buoyed by favorable marketconditions and record-high gold prices.
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