A few things under the control of the ELD boardThey cant control the permitting, gold prices, sectorial trends with gold out of favour etc.
They do control :
cutting executive pay by a lot ($18 million is crazy in the current context)
changing executives
share buy back
encouraging purchasing by insiders to inspire conficence which is quite telling frankly
exploring selling to a competitor
giving in to Greek demands, a real 300 million compromise
I wish they would do something they do control, since board of directors have a duty to shareholders to work on enhancing share value, they have a fiduciary duty to act at all times in this respect.I cant believe that again the price is down when gold is up $11 and again we are left wondering ad nauseum why is this company with public information out there doing so catastrophically a bad job
on share price. its not just gold, its also share price that has to be worked on.