RE:RE:RE:RE:RE:new from seeking alphaPaying out the dividend for a full year costs the company $50 mil Usd.
nsu had over $200 mil usd in cash...
if. Nsu can continue to mine copper and zinc and sell them... There is no reason to cut the dividend!
cutting the dividend is a sign of weakness!!! The market will not like that and neither will nsu investors....
the nsu dividend is the only returns we are getting on our investment.... It's the only reason for holding this stock...
i personally am am a long term holder of nsu...
as I see it...the stock has not ....and will not be making any capital gains ... Until a bid for nsu comes in! Don't hold your breath for February 23.... The stock will not be miraculously up on February 24...
Lundin or any other suitors should pony up $9 USD for nsu !!! If not ... It's theft... It's fraud!!!
My only concern is that the institutions will vote yes to a lowball offer because of conflicts of interest ...
im deeply saddened that Mr Cliff Davis is retiring... Or.... Getting pushed out.... The guy deserves to get his shares sold at $9 usd....he's worked so hard ... And accomplished so much.... Hope he gets the CEO of the year award!!!