Profitable,debt-free,with growth but... ...our basher claims that the management has no clue, no experience. So let's see some bios:
Mr. Bradley H. Langille is President, Chief Executive Officer of the Company. Mr. Langille has 20 years of mining experience which includes co-founding both Gammon Gold and Mexgold Resources where he served as chief executive officer and director. He successfully took the companies from grassroot operations to commercial producers and raised in excess of $500-million for the development and construction of both mines.
Mr. Terence F. Coughlan, P.Geo, is Chairman of the Board of the Company. He holds a B.Sc. (geology) degree from St. Mary's University (1987) and has been actively involved in the mineral resource industry since 1984. Mr. Coughlan was director of Gammon Gold Inc. (now AuRico Gold Inc.), a mineral exploration company which trades on the TSX and the New York Stock Exchange, and served as Vice President and Director of that company from 1997 to December 2003. Mr. Coughlan was Vice President of Acadian Mining Corporation from 2003 to February, 2010 and a director of Acadian Mining Corporation from 2003 until November, 2009. Mr. Coughlan was a director of Royal Roads Corp. from August, 2008 to February, 2010 and is a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.
The fact is these guys have worked together in the past, they have worked also in Mexico and they have worked very successfully.
Now the are doing the same: They sold their non-core property for 80 million, a number the Cantor Fitzerald analyst didn't expect (that's why he raised his TG to nearly $1), the company has 5 quarters of continuous growth and still has 14 million in the bank.
Sorry, but they don't seem... rookies.!!