Get used to stock dilutions I bought at $4.50 and have been averaging down. Appears to be approching low.
Had a bad experience with sister company Extorre bought at $7.5 went upto $9 got bought out at $3.5 by Kinross. 50% cpital loss. Management needed cash.
If this company is so valuable why has no one offerred to buy it.(Chinese?). Is it too expensive to develop Potential neighbouring buyers Barrick and Kinross have troubles of their own and presently not interested to bid.
Book value 0.81 ,Oct 2008 low 1.17 , recent stock options granted 1.31