$28 million in the bank mc of $15mil, page-2

Tokyo - While like most investors disappointed in the SP , I don't think the board is doing a bad job for the long term of the company. Sure in the short term there is plenty they could to do rectify the SP lows; share buy back, return of cash to shareholders and overpriced purchases of assets. In the long term would hurt the share price more. The problem is our flagship CSG development is still a while off production if it does go ahead . Until then nothing wrong with cash in the bank while we wait unless some a opportunity comes along.
While I would be very happy with a capital return to share holders , I think the board would be hard pressed to justify it for the future requirements of cash for the project.