I think patience is required. We don't need any share buybacks,...

I think patience is required. We don't need any share buybacks, the money spend in the ground, in the mill or general infrastructure are better spend than some buybacks. While the share price movement might be frustrating for some of us, the key is to focus on the value of the company. If the management delivers on its plan to refurbish the mill and get it ready for gold processing on time and budget, there will be a tremendous positive cash flow which can hardly be ignored by the market. In the meantime, lets be happy that the company has got several toll mill agreements running, which should at the current gold price generate sufficient cash for the Black swan and some drilling in the ground. So the company is in a comfortable position to get it trough without any additional dilution, so this short term fluctuation is irrelevant. Junior market space is in my opinion fabulous, since the market is often very inefficient and you can buy very good companies at a huge discount and when the market gets hot, you can sell it at a premium. I don't think there is a risk for a takeover anytime soon, so I personally will just watch whether management delivers what all of us expect them to deliver. I will focus where the company is in 2-3 years time and even some short problems or obstacles will not change my focus on the value creation and medium term outlook. GLTA.