significant 33% improvement, page-2

This is not a low gold price environment. Compared with 5 years ago POG has increased $287.10 or 29.40 (info from "Gold price"). I see the problem as a lack of containment of costs. To this end might I refer you to the book Freefall by Joseph Stiglitz (Nobel prize winner in economics) who makes among many points that the return on excessive pay to top execs. is negative, both in terms of the effect on company's well being, and society as a whole, and high exec pay contributes to a company's overall costs. Shareholders around the world have to unite on this point. So no amount of re-jigging of figures will hide the sentiment around the RMS share price.