Everytime I Look At The MMY Info Circular, I Cringe....big salaries, no action, brutal. This keeps going on, we will see 1-2 cents by December. Lots of gold companies getting killed if they aren't making profits. Doesn't matter how much gold you have, it has to translate into a profit every 90 days to increase the NAV of the company. Look around, NPV's of 9 figures on stocks with 1-3 million market caps, very sad market.
The the other issue is over 80% of the shares are retail, 15% is institutional and not even 2% is insider held. Pathetic! If I was getting paid like the CEO, CFO and President, I would at be buying 1 million shares a year each!. Lack of insider buying at an all time low does not show confidence to the market.