RE:Earnings outDespite the vanishing trading revenue , he protects very well the value for the shareholders. He should now increase the stake of mene , as the fix valuation in the balancesheet is almost the same as the market price. He buys back on regular basis ( 400 k last month ) but this is offsetted by the issue of too many rights / option etc . May be he should take some inspiration from Amark . All in all very well positionned for a rise in gold . GL