A note on Hans Black's feeling about a miner with a high share count.

In a 2009 interview on PBS's Nightly Business Report, Black seemed rather sanguine with the nearly a billion shares issued by Intrepid Mines, an Austrailia company whose shares he apparently held a lot of, and who he recommended.

BLACK: I'll mention a gold stock because there are some excellent gold stocks that have not moved. One that we like is based in Australia. It's debt free, lots of cash on its balance sheet and it's involved in a very interesting project in Indonesia. The company is called Intrepid Mines (IAU).

KANGAS: There it is, $0.32. That's another cheapy, but you don't think it's going to stay that way, right?

BLACK: That's because there are a lot of shares outstanding and a lot of stocks in Australia trade at relatively low prices, lower than what we're used to."

And, what do you know? Greg Taylor represents Intrepid.

http://www.investorvillage.com/mbthread.asp?mb=4245&tid=8033684&showall=1