Case 1: Company bought out before mine opens - Shareholders maximize gains if premium is added to an already "elevated" stock price.

Case 2: Company goes all the way to open mining facility - Higher share prices along the way enable management to pick the spots in time where financing occurs. This maximizes funding and minimizes dilution.

The fallout from this philosophy is that in the precious metals market money begets more money. Most investors clamor to gold investments when gold is rising; fewer buy when it falls and actually is a better value. Similarly, the same is true for gold stocks - better performing stocks attract more investment $$ than poor performers.

There is no downside to maximizing share price. Seems obvious. For this reason I think shareholder complaints about poor stock price performance is a good thing, as long as the line isn't crossed to bashing the stock.

Strike