RE:Trigger PointManagement may take advantage of tax loss selling season. If gold doesn't perk up soon we can easily drop below $3.
Tax loss selling in PG has been ruthless in the past but it has also been a great Xmas present if you bought just before the 25th. I don't want to see management start their buyback until then.
We have the cash and management will use it. Taking 10% of the shares off the table at $3 is much better shareholder value then to do it at $3.50 or $4.