You have mentioned the fact of management not owning shares. I have noticed that this has been recycled a few times. What hasn't been noted and / or focussed on to any great degree is that there have been two major shareholders that have come on board in recent times. Why?
MiningNut has also mentioned the capital expenditures planned. What he does not talk about is where the gold price will be over the coming 12 to 18 months. Quite obviously if the gold price goes up ...profits will go up .....allowing for the relevant expansions that miningnut is talking about to take place.
Companies in all segments should know what is on the business horizon. As im sure you know its embodied in a practice called forecasting. DYOR
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