I abstained on the vote. I didn't like the dilution and I certainly think Tye Burt overpaid for the assets....but Tye must have some concrete inside information for him to cause this union. We certainly fell much more than the dilution warranted. Good to see some recovery in the SP, but we should see a climb to about ten to twelve percent from the peak. A range of 22 to 21 per share US. Quantitative easing should give us 3% or so of a lift in the sector, as the US tries to devalue its own currency through buying its own T-bills....in other words more US debt through repatriation of its paper. I personally think USA cannot float more debt with a shrinking GDP. Cleaning up oil spills is not productive growth, its a loss in productivity. A fisherman who doesn't catch fish but sucks up sledge is an economic negative. The fish needs to be caught to sustain a chain of economic activity.
Guess we won't be hearing from the noisy "shorts" for a while. They will be too busy looking for an honest job. It will however make this board more readable. Maybe we can talk about "fundamentals" again.
BTW- Nice job by management. This went smoothly, helped promote the image of the company, and put us in position to reap the enormous benefits of the long term bull market for precious metals. As someone said earlier, "What's not to like?"