DGO is running the show now or at least can vote themselves oppies that no one else gets. That should be everyones' clue that things aren't being run for the "little shareholders". Of course that's the same for most companies.
Mgmt projects that cash in bank at year end will be around $4.4 million. Spending is $1.5 million per month. Mgmt ran cash down to $800,000 just before the last CR. That means another CR around the middle of March - 4 months. Unless mgmt hits something big with the drilling, the SP is going to be around 6 cents. The last CR discount was 40%. Applied to 6 cents gives a CR at 3.6 cents. Unless something magical happens, I'll sell my shares in February, wait for the CR, and buy back in at 30% to 40% off.
Ann: Investor Presentation - Emerging Mallina Gold Province, page-8
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