RE:Can someone please give me a calendar date This is definitely like any other ship that has been rutterless for so long. I am very surprised at the reaction from the market on this one but management and a still paying for the sims of the past. I have resided myself to the fact that this is going to take time. New management is doing a great job imo but the market doesn't care and like any stock all retail investors can do is tred water. They need retail investors and like some others have suggested a share buyback is in order. I am beginning to agree with that, the debt issue is still there but is very manageable with current commodity prices. The debt buybacks over the last 2 years have been great but have a reminiscing return as bond value continue to climb. They are only going to get at best a 10% discount on future early payments.
If they can get approval to do a 10% share buyback that might be best for the stock for the next 24 month period at what I would perceive as a 50% discount.
Other option is a 10:1 consolidation. Not my first choice but get the share price to where institutions can buy.
You me thing I can be sure of is the market is not thrilled about limited growth. The future plan of getting the fort sit to maximize production to around 36500 ton/ yr and sell surplus mixed sulphides to third parties is not the most inspiring. Albeit likey the best cash flow increase option without a big capital spend.
GLTA
cheers