RE:RE:RE:RE:RE:G&A - What is reasonable ?So, what would be reasonable G&A ? The way they invest with their deep dive, do not believe there is too much that can be cut after the last moves. I do not mind paying for it if they can give us mega baggers. Personaly, I have given up on picking mining stocks and I much prefer to back Goodman as I like the sector.
On the preferred, the Serie 2 interest rate were at 5% but about to reset to T+4% (9%?) on September 30. Serie 3 were at 9% or around (T+4%). Think the buy back of the preferred was the correct decision so it also alleviates the cash outflows.
On Mining Services, not sure I follow you : this is Dundee Sustainable Technology. Too lazy to check the prior year MD&A to see where those expenses were from. DST is another investment that could become a homerun if their tech ever goes mainstream. And, it could be a nice lead generation for Mining investment. Investment Counsel that was sold dealt with the flowthrough financing and is part of Mining Investment.
On TauRx, I sure hope you are right and that we end up with a grand slam. But shouldn’t management also plan for a negative outcome ? Will the stock price comes under pressure if the biotech speculators dump their shares in such a scenario ? Should management keep some cash to support the share price if this happens ? After all, our main shareholder with 12 million shares (out of memory) is a biotech investor.
GLTA