Yes Pogues, you correctly perceive that a certain proportion of shareholders money does indeed end up tossed over the bar of "the local" pub in mining towns. Why maybe even the Blue Duck near Glen Wills! Wouldn't have anything to do with the fact that miners tend to feel like having a few ales at the end of a shift would it???
Like you, I've been following this stock for a while, however cannot agree with some of the comments you heard from the locals...maybe they were some of the deadwood that the board you mention had to sack to keep the company from becoming insolvent.
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