RE:200 million EV, this is our total valuationspacegimp - So is it obvious despite all his hype about best year ever (even though not even one question could be asked in latest confefence call), Richard Young has failed miserably in enhancing shareholder value. The valuation is now lower than any time since the Oromin takeover.
And still, no insider purchases of any real size in a long, long time.
And here's the potential worse news - a takeover now of just 20% or so higher and Young claims best interests of shareholders and keeps his super high pay position.
But as you note, there comes a point when valuation is so silly you must step up and buy despite a total loser at the helm. We're close to that point.