buying on the dipsBeen doing some math on the YRI growth prospects and it seems that with the production guidance going forward. we will be making the same profit as today with $1000 per ounce in 2012 and 2013. It would seem that now would be a good time for the company to start buying back shares to support and create a higher stock price. It's amazing how quickly the lemmings fall on a day such as today.
The US outlook is still bleak and austerity will take place after the next election in 2012. Nobody is going to raise taxes or interest rates until after the next election, which means the books get worse and worse.
Still sticking with the prediction of a special dividend this quarter, although, I would much prefer the company reduce the number of outstanding shares.