it seems this stock is all about acquisitions. if the management of XRG can operate, there are plenty of poorly operating mines in the region that can be bought, rationalized and incorporated within XRG. this seems like the plan. given the move in spot prices and the new war chest of cash here, seems like XRG will make tack on acquisitions where they can shed expenses and grow reserves.
im betting we see some acquisitions within the next 3 months or so. management runs lean machine.