The company has just had their first full year of production and most of the gold produced was through the JV. Hence cash flow is not what it seems to go on a wild drilling or PR campaign. Both of take money currently needed for operations. The junior market has been thrashed ... a good example of a gold producer with a huge cash position is Orvana ... who have also had better days in their price.

No company's managment team is perfect and that is certainly the case here ... some things have been changing and that does not always happen for free either ... that said those currently in charge are far better suited for their roles that all of the armchair quarterbacks who think they have a solution for everything.

Simply put if you want to be a trader ... its the wrong place to be ... if you are an investor patience is all you need to enjoy future above average profitability

I wish it would move up a little faster (so does management) ... and the addition of some additional reserves via M&A activity would serve us very well with where the gold market will take us.

Orgy