LC, I had a look, so all the numbers dont add up. If I have them (IKN) right, their hinting, mgt walked off with $3,000,000 worth of gold? If I have them right, why wouldn't they just not put those ounces on the production side and keep everything looking even?
Maybe with the low price of gold, they held some back from being sold, in order to get more later or pay less tax this year? lol let me rephrase, maybe the buyer missed his appt to count the oz and write the check by year end 2014?
Lets see what happens next quarter and for now, Ill see if I can come up with another answer.
The company's doing a great job IMO creating value and setting up for growth and profits. Mgt interests are aligned with ours in the sense they are large share holders and benefit by keeping the share count down and protecting the value for the share holders.
Then theirs the $103M paid back to share holders. iS That the character of a CON MAN?
My decision is based on where I see the share price and divy 2 - 4 years from now. Another factor is the low degree of risk I see for the investment.
Thanks for calling it to my attention and I have one eye open at night now. Weakness of mine, that I discovered past couple years, was hanging with companies that I discovered had bad mgt. Its a much more important criteria now.
