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Richmont Mines Inc. Message Board

  • for10dollarsmore for10dollarsmore Feb 15, 2013 11:41 AM Flag

    I'LL BET YOU'RE HAPPY MANAGEMENT IS LOOKING OUT FOR YOUR SHAREHOLDER VALUE.

    Otherwise.
    oh. Have you heard from them lately?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • They can't control the price of gold, but they could manage their own operations if they knew what they were doing. The price drop is a combination of lower gold prices and mismanagement of the business. Theoretically, they should be profitable at current gold prices, maybe even down to $1,400 or so. The problem is they can't manage the business at a profit. After 20+ years in business they have accumulated a net operating loss. There is simply no excuse for that. This is not a start-up company.

      • 1 Reply to top_investor
      • There is supposedly +$65 millions in the bank. Can't some of it be used to support the
        share price? Just a small dividend or minimal repurchase plan would at least give the
        impression they are confident. That's my opinion. Or are they only making certain they
        have jobs for another 10-12 years? There are 39 million shares "long" and 550,000 short.
        Incredible how much damage the shorts are getting away with.

 
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