I would appear to be in the minority here as far as this announcement goes. I think the amount being spent on this new board member is excessive and not a prudent use of spare cash. If Argentinia, under their new president, is open for business, this expenditure would seem completely unnecessary.
Give the above, I would advocate that a dividend be instituted. Normally a company at this stage of development should keep their precious dollars for future investment, but since they can’t spend it wisely, I’ll be able to manage a portion for them.
GXY Price at posting:
$3.87 Sentiment: Buy Disclosure: Held