Definitely agree that management seems very passive and / or incompetent. It should have never got to this state. I guess they never predicted the severity of the downturn after the boom. BHP for example has a rolling ten year plan. Given BLY's market cap they should have the same approach.
On the flip side, some more positives though:
- I believe gold is due for a run. Markets are looking toppy, and the long term gold price chart shows a bullish ascending triangle with key resistance level at 1350 USD. This'll help BLY since they predominately drill gold and copper.
- US tax cut.
Definitely agree that management seems very passive and / or...
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