There's way too much fat in the company. The results thus far have been dismal for the amount of equity shareholders have poured into the company.
Just compare it to the lean and mean BCI machine. On 1/14th of shareholder capital is able to churn out bigger returns than AGO. That's the difference why the market measures BCI in dollars and AGO in cents.
If AGO keeps pissing money away by overpaying on assets, overpaying on construction, overpaying on production, and salary hikes beyond reason than the cash is better served returned to shareholders.
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Will Souter, CFO
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