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clock Created with Sketch. 19/12/24
16:25
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Originally posted by th3p4rk2:
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Insto holdings have decreased, significantly as management stated recently. That does not really support the theory that someone has been accumulating by suppressing the SP for the past 2 and a half years. It's also contrary to what people here believe that the stock is worth $3+. If we were heading for $3 and dividends, those instos would have held on... not dumped at half of 'market value'. They clearly didn't see value here, at least for the foreseeable future. $100m debt and 'praying' the grade gets better so we can afford to service that debt is still a vulnerable positions. Particularly given that none of this would be possible if the gold price had not gone nuts... we would be insolvent by now.
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A couple of more points.
(20min delay)