Opts, I think if the directors only had 5% then the argument...

Opts, I think if the directors only had 5% then the argument that they would be better off if they placed Nowa Ruda in the separate company may hold true, but they actually have 16% so they are better off having it in BMB.
Also their time is employed to serve BMB.

Another interesting thing is with the sale if the Balkans; of the zinc, lead, copper and silver, it is only silver that has dropped since Feb. and even thats not conclusive.

http://www.bullionvault.com/silver-price-chart.do

Gold has declined, but gold wasnt part of the Balkans as far as I can see.
Regardless gold is buggered since the last US Fed meeting / announcement that things in the US were going ok and they intend to raise interest rates in 2015

I think you long term holders of BMB should be pleased you arent holding shares in a gold exploration company.