GREY:PGDIF - Post by User
Comment by
ekimon Jul 26, 2016 3:20pm
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Post# 25085995
RE:RE:RE:Lucara
RE:RE:RE:LucaraYou bring up a good point on the dividend.
I think the new rules that came out last fall is that a take over needs to have a 90 day period to allow a potential white knight or such to come in.
That would excceed the Sept 2nd ex-dividend date.
On the dividend side of the topic...it is a great way for insiders to get some cash out of the company.
Rather then an insider selling some shares on the open market...which has bad optics...dividends can have a similar effect with the optics.
That being said...Lucara had a few insiders sell several shares at $4 per share.
No dividend at Chidliak...but being acquired by someone who does issue dividends regularly or occasionally would be a path to get some money out of the market without doing the whole capital gains/loss calculation.
LONG...PGD
EKIM