RE: If they are profitable...I'm not advocating blowing the kitty on a buyback, all I am saying is that we need some kind of signal from Northern (and not just Mr Alboni) that the company beleives that it's market share price does not reflect what it beleives should be the ture value of the company.
The market makers and daytraders kill any momentum because of the widely held float.
Let Northern put their money where their mouth is, If they truely care for shareholders, let them show it by at least announcing a buyback to reduce the amount of shares O/S and bring real value to the shareholders, Mr Alboni included.
20 million shares (5% of the float) could have been bought over the last three months at an average price of 0.035c a share and CANCELED. This would have cost Northers $700,000.00 (which I realise they did not have) But with a return to profitability (and I assume greater cash flow) they can now afford to send this signal to the market and take their share price seriously. Institutional investors and conservative investors beat a fast path to the door when they see that it is a penny stock, and this has to be addressed in the mid term, to get the ball rolling.
Just venting and a shareholder since the American Gem days...
GROG