RE: ownershipDid I read this ownership report correctly....RBC owns no shares of any significance......but why are they the most vocal on the analysis front???? Hmmmmmmm. I wonder if they have an axe to grind going back a couple of years??? Hmmmmmmm. No other analysts have changed their targets since the publication of the Q1 results.
I agree with Lefmike's post re: cash on hand position over the next few quarters. The MD&A basically identifies the cash on hand status. Q2 will drop....Q3 = 10 mil increase....Q4 = another 20 mil increase. I think these are realistic numbers since their estimate of Q1's cash on hand was very close. They estimated a % drop which was accurate. My only reservation is that this Q1 position was achieved because the POG increased from Q4 2011 to Q1 2012.
The "old" MD&A estimates were based on $1390/oz gold....now increased to $1780/oz gold.