closing on high on excellent volume, page-6

also have a soft spot for RSG but they may never get it together.
1- Syama is not a done deal. They're having trouble with gov't of Mali with permits, esp for the underground.
2- hedging is unpardonable. management picked a bad time to hedge... and they continue and have no remorse. the ann around 03 Jan promised more hedging.
3- insiders aside from Sullivan's 800,000 shares own none of the company.
4- read Bob Moriarity's article about Goldbelt(gld.v) at 321gold.com... The property they've just permitted for a mine belonged to RSG before... said the guys at GLD have more experience...
5- management risk: these guys have a gold bull handed to them and they hedge it away and they can't get the new mine permitted.

Positives:
have some leverage to gold
said they might list in Canada
property next to Syama has gold, could use same mill(Etruscan's deal will potentially give RSG 60%)

I hold a lot of shares but would be better to go with miners that have competent managers and an incentive to push the share price higher... these guys are like gov't workers.