RE:RE:RE:RE:Is this gold rally real?Hopefully that will be a nice buy! The NAV ticked up a penny today up to $1.00.
They do have a buyback in place but management has told me they are reluctant to buy stock back because Dundee and management own so much already. I also personally think they want to conserve cash in case they find an asset to vend into CRG or the CRG/RYG combined company.
I have been doing some reading on HUM and Kilo. HUM has a pretty good website with lots of information. I have to think CRG is cutting their stake there a bit because of this recent deal with Goldfields. HUM picked up a near term cashflow asset in Mali that will likely be debt funded but I think it was the Liberian asset that CRG liked and the Mali deal diluted that option.
With respect to Kilo, I've heard that the asset is really interesting and they are currently spending the money they raised looking at all of their drill results and figuring out what they have. Its super early stage but the thought is that there could be 3m ounces there at a very low valuation.