I think an argument can be made that the company has a moral obligation to repurchase some of its shares at this price level. This is just a theoretical argument - I understand that it is highly unlikely.

Let's hear the arguement, please (for share re-purchase).

Why would AUM repurchase shares when it is just gone through a process of issuing shares, the object of which is to raise cash to carry out mine expansion and increase production. making Velardena at least cash flow neutral in the next quarter, and with (shareholder) hopes of significant profits with further increases in mill rates in 2014.

How many shares would you like them to repurchase, and at what price?

Please excuse my cynicsm...