Brian Freckmann's questions to NEW PACIFIC METALS (NEWP) leadership • Q1 2015
Question
Brian Freckmann of LS Capital asked about the potential for accelerating the share buyback program and the timing for when the company could resume market activity.
Answer
CFO Chuck Cargile responded that the company will continue to use buybacks to create shareholder value but did not commit to a specific acceleration, noting that the pace is dependent on share price, M&A opportunities, and legal rules. He highlighted that the company also recently deployed $40 million for two acquisitions. Cargile confirmed that the trading blackout period would end the following Monday.