RE: RE: RE: Share buy back program Dude, the company is still burning $30 + million cash per quarter. It doesn't matter what the share price is.....if they don't have cash available for mill expansion, mine development, & exploration it doesn't matter if there are 430 million or 43 million outstanding shares, because they won't be able to GROW. This company consumes cash like an alchoholic consumes Molson Ice....with vigor! Besides, if the share price was over $2, you know what the first thing is Tony would do - issue more shares so he can get a fatter bonus.
Per slide 13 of the Scotia Conf (new) they have $90 mil cash @ Q3 '12 end and project $60 mil cash @ Q4 '12 end. THEY STILL CAN'T SUSTAIN THEIR OWN OPERATIONS ORGANICALLY!!! And don't tell me that they project postive cash flow in 2013. That's what they said about 2012, and look where that got us?
Stop the hemhorraging of cash, finish the mill expansion, process quality ore, BE PROFITABLE!