. Perhaps the handlers are having Management move slow on the production or avg grade through the mill, after all, the gold will still be there ready to hit the mill when the big guy calls for it.
I have a funny feeling you hit the nail on the head. Do you not find it convenient that they sold just enough gold to break even. If they focus on exploration and developement the value of the mines grows with the price of gold. If you are bullish on gold, it looks better to a suitor to have all the high grade stopes developed and ready to go. Dundee is building an assett and I believe they wish to clarify exactly what they have to sell so as not to have sellers remorse a few short years after the sale.