RE: We all need to be patientoz & yvan - i believe gold decoupled from all currency last week. Its at $1100 CDN now. This isn't about the POG at $1100 CDN or $1500 CDN anymore, its about management getting out news that coinsides with POG and market up swings. They have given investors no reason to move into this stock and their silence only fuels sceptasism about the financial health of MDN. They have admitted stopping exploration drilling and have given us no information as to what we should expect for the future of this company.
If in fact this stock does move up to the $1.00 range they have to be prepared for a buy back with some of that cash just to keep the shorts from killing the share value. The share performance has been so bad that it won't take much to scare most investors into selling, shorts just have to dump a few hundred thousand shares. Trapping shorts will be the only way to hold this stock unless they can come out with some major news that adds significantly more value than we have now.
Where are the 4Q results. My guess is that they are worse than we are expecting and the way this stock was trading last week is leakage. I am still betting production is away down, costs are way up and we will be lucky to see $180/oz net. That may be the leakage that insiders may be trading on and the reason for the stock going down with the stronger POG.
I guess the fact may be that until management owns more of this company they have no vested interest in seeing the share price move up, its just a pay cheque.