RE:RE:RE:RE:RE:where is that negative poster from Port Alberni?Griz_Online wrote: I'll take that 6c/q if you have 10k shares thats a nice $2400 extra beer money each year ;)
They should not have to cut IMO, they have paused the buyback i think they should have enough cash flow to easily pay back debt and the small dividend.
GL porky
porksniffer wrote: Griz_Online wrote: Lol i'm sure people in this over $10 are long gone. Numbers have been taken down significantly so they may have an easy beat next quarter. One thing hanging over the stock is a possible dividend suspension if that doesn't happen this could rip back up to high $4-5 range.
If they do suspend it stock will get another major beat down.
I believe they report end of June.
GLTA
You are really hung up on the dividend, ratface has you terrified of a cut. For the 5th time if the dividend is suspended the stock will go UP. This is not an income stock and no one cares about the 6 cents/share. The savings from the dividend will go to paying down debt which reduces net debt-EBITDA raising the stock price.
Wow. You really don't get it do you? Your $2400 'beer money' becomes $10k-$20k beer money when the stock goes up 1-2 points by saving $50 million/year and applying it towards debt. If you want 'beer money' buy Bell Canada or prefferred shares.