Good post Fred.
It has appeared to me that Dale in the last few years hasn't really cared about the small shareholders, and perhaps now, he doesn't care about the large shareholders.
Why should he thinks he's running HIS Company. The fact is, he's all cashed up to over $80m and he has control of the gold in the ground. To him perhaps the share price in the next while is irrelevant and his only goal is to find more gold, increase the reserve and finally get us 200,000 oz of production next year (or two, lol). Once those numbers start to speak, the money sharks on Bay street will come back for a feed.
He who has the gold, makes the rules !