This company is being set up for a bargain takeover. The second quarter of 2013 includes a $250 million writeoff of mine assets. A "reassessment" of the reserves. The share holder equitity fell from approximately $6 per share to approximately $1.50 per share. When the takeover comes in 6 months or so, feel fortunate if you get $1.00 per share. Of course, the current management will be transferred into the new company (to ride down again).