RE:RE:10% yield t-minus 2 months Oh sleeping ?
No problem, they have a website !
The March corporate update stated once they reach at bank debt of under 100$ million, they will announce the dates of their dividend May 12th.
Guess what? With simple math, given the average wti prices since the year end financials, they've achieved that status! Yay!
Do you doubt they haven't ?
Also in the March corporate update, they've stated that at an average of $90 wti the monthly dividend will = .07c! Remember we averaged so far + $93 !
Now some say the dividend isn't coming until July.
This is false!
The wording clearly says:
"The dividend is expected to be fixed at the prevailing oil price (+$93) at the time phase one debt level is achieved (now). Below assumes that debt level is reached July 1 2022" (we beat that already by a mile)
So when ?
May 12th will give us the details. But waiting until July is poppycock !
I'm going to throw a dart and say May 29th, mark it !