RE:Management need to fight back more vs algos !They WILL need the cash to build a new mill to absorb excess capacity. This was discussed in Q2 call in August and everyone seems to have forgotten this. It wasn't even brought up in Q3 call by any analyst. I don't think now is the time to be buying back shares when they just had a horrible quarter. Let them make some money first this quarter and increase cash balance. JIN
goldminer01 wrote: They have loads of cash coming this quarter that will be settled in the bank and ready to deploy in a few weeks. They don't need heavy development until a new mill is started in 2019.
They should announce buyback of 10-12M shares and slowly do it like Kirkland to support the share price.