I have to agree with your insight gself, unfortunately the world is in a terrible state where the saying, "THE STIMULUS IS THE ECONOMY" holds true and is unsustainable.
In saying that I do believe if management were to be prudent in there acquisition they could hedge against such turmoil by utilising the 50m note deal and acquiring a solid gold asset or at least one that has a good percentage,then we can at least be somewhat safe guarded against the inevitable.
I also believe that Bedford resources exiting there 4.2% holding has a lot to do with the SP performance.
An interesting read for those with a strong stomach
http://www.mining.com/web/the-stimulus-trap/
ibg years off developing a mine, page-14
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