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Message: Where to from here?

The float is out of control if the debenture gets converted and additonal flow through and options are issued. That would put the float somewhere around 500 million. They need to cash flow everything from operations going forward. I can't see it from 75-90,000 ounces at current gold prices and 4gpt. They need a strategy that reduces the float and distances them from the manipulators and then they need to hire their own share price manager. Tall order. They should freeze options, take $15 million and buy back 100 million shares, hire an HFT desk and use the inventory to make the market for the longs.

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May 13, 2013 10:24AM

May 13, 2013 11:16AM
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May 13, 2013 11:49AM
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May 13, 2013 01:47PM

May 13, 2013 04:09PM

May 14, 2013 10:53AM
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