RE:RE:RE:RE:RE:Is this gold rally real?thanks... yes I started buyin the 60's and so now have my avg now in the mid 50's.. I think now my biggest holding in a gold company, I like the fact that it is like a mini mutual fund of juniors but at a discount. But I was burned on AAB Aberdeen due to the shady management, I like to think we don't have that problem.
Usually a company buys back and cancels, leaving less shares... if you buy at half NAV and cancel you have just doubled your money basically. With so much cash it is irresponsible not to be buying shares back and doubling the value of the cash... not possible to do better than that with no risk!
I looked it up and they have a buy back that ends July 15 this year but no idea if they actually bought any...
Wish I could run this thing :) Is there much insider ownership?