2011 will no doubt be a tough one for this company. I would expect a further lack of anything related to mining here. Too bad since the sector has taken off again and this thing is floundering on the tarmac.
I guess it make sense now why all those trips to Europe for Octoberfest etc. The mystery loan is backed by some nonsense European mutual fund. Well the stock does trade in Franfurt. All for a wopping 4% income stream (if it doesn't default). I'll let you folks connect the dots.
There's just too much cash in this company doing nothing but letting management play its little games. Too bad its not their money (I thought).
The cash would be better off given to a charity. Oh it is? The Carpenter Fund is doing very well with it.
Cheers everyone or anyone who cares about this firm.