It is hard to say.  There are many scenarios IMG can use at their disposal.  The market in gold is not investor friendly at the moment.  I am not sure what the best alternative is at this time.  All I know this is at 8 dollars and new 52 wk lows could be on the way.  My choice is buy back shares at this moment.  If the market continues to get ugly then buying ARZ at cheaper prices which is likely would be the second choice.  It is a tough market and if gold continues to get lower in price then the whole basket of golds right from juniors to seniors will get uglier. I am not a buyer of gold or any gold stock at this time.  We will find out on Feb 20/21 on the direction of IMG with the financials release.  Maybe Letwin will release guidance and plans for IMG at this time.