Rook, the only concern I have with any equity is SP.

Unfortunately, Dale is SAN's IR team (Pete and Repete are just noise) and having viewed his past performance in that role, IMHO, he was in desperate need of a "make-over!"

Watching his performance over several years (haven't tuned in for a couple!) I found two things comparable. Paint drying and grass growing!

He may be in the majors as a geologist, but his best efforts as CEO have been Double AA at best! (Pardon the pun, but he's deeply mired in the minors with a batting average (SP) that sucks!)

A CEO's first responsibility in a publicly traded equity is "driving" SP up! (A la AL Roth!)

With all the gold SAN has suppoedly discovered a rush on SP (gold rush) should be inevitable! KAM, a periferal play in the Yukon's present day rush is trading for approx the same value.

Dale's best efforts are having little effect on SP!

RUF