The quarterly shows what the investments are- $2.507M for BDR...

The quarterly shows what the investments are

- $2.507M for BDR now valued at $10.6M ($8M profit)

- $15M to CRE (convertible note at 12% plus $24/oz Gold payements)

- The rest ($47.5M) is cash

They sold 1.379M of something? Maybe a bit of profit taking on BDR?

Staff Costs for the quarter $305k
Keep this up and they can keep their pay rise, bonuses and options.

Buying back at 50c makes sense with an NTA of 85c - every share they buy increases NTA for holders.

I think there may be better things to do than to stick $47M in the bank but the investments they have are doing well.

If you want a mining stock you may have to look elsewhere this is an investment company now and with cash backing of 53c/ share the investments come for free at the current SP.

I think the rewards will be here if you can go the distance.