Well, cheap is relative. Let's say that the CEO leaving unexpectedly in 2013, then the BOD, and now this new crack pot team of directors coming in is PRECISELY to facilitate a rapid acquisition. (And I say rapid, because they will want to have this buyout wrapped up during the down swing in gold prices to assure they get it cheap).
Considering the companies current debt, profit / revenue dependencies on gold prices, and recent ceo / board departures, this company seems to be vulnerable to a buyout at a share price that would not please all shareholders.
In my case, having a dollar cost average close to the bottom, anything at 1.00 or higher would be a nice profit.
I was just hoping, since to me this possibility is VERY HIGH, and since we are now seeing signs that this might become reality, that the board could consider this a distinct possibility and begin intelligent discussions about what a White Knight / sudden buyout / hostile takeover (depending on your perspective) would possibly deliver to shareholders per share.