Time for a little optimism perhaps?
Something encouraging for a change – it’s been six months and shares out has not changed (as of yet anyways). One thousand ounces is a key psychological level. We are above that. They are starting to pay back some loans as well… if they can manage the loan paybacks first, then move to share repurchases I will start to get much more faith!
226,639,754 outstanding shares June 1.2012.
226,639,754 outstanding shares December 11.12
If buy dumb luck they hit a vein the repurchases should happen sooner than later. Can you imagine if next year they make a plan to buy back shares? Possibly relay a special dividend? Boy… we’d all love the management then wouldn’t we?
There still may be some news before/after the meeting… about management maybe? Somebody leaving or coming aboard?