Some of the comments above are completely moronic and go a long way to explaining why the current board has had a free lunch for such a long time now.
The reality is that Miller or his "friends" (who are these people anyway...?) are not out to rip off minority shareholders of some irrelevant mining company in Australia at the risk of going to jail... He is a shareholder, trying to protect his investment. The Board are not shareholders, all they are trying to do is protect their jobs.
Its common sense... align yourself with the person who has the same incentives as you. If you are a shareholder of IAU then align yourself with Miller. If you are an IAU employee getting paid 300k a year to do nothing, then align yourself with the current board.
Its simple..forget the conspiracy theory and back a fellow shareholder.
IAU Price at posting:
13.0¢ Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)