RE:RE:RE:RE:RE:Only RedMohelJFox wrote: I sent an email to Cj's ir today,the response was "please refer to our march 14th press release
Here's a refresher from that release to ease the tension !
As we move through these tumultuous times, we are cognizant of our goals which are to reduce our corporate risk and return capital to shareholders. At the beginning of 2022, we outlined a definitive plan to enhance the long-term viability of the Company and to return capital to shareholders. The first phase of this plan is to begin a monthly sustainable dividend once our net bank debt level is below $100 million. At current prices and forecasted spending, we expect our net bank debt to be approximately $140 million at the end of the first quarter of 2022. If commodity prices remain strong, we expect to reach our phase one net debt target in the second quarter of 2022.
We expect to be able to announce the timing and amount of our dividend reinstatement with our first quarter results on May 12, 2022.
Way to go Larry !