RE:RE:RE:RE:RE:Aug 2019 News Release regarding paying 10%+ dividends I agree. In absence of news, why not have some fun.
With your $500MM sale of FEC in Guyana, that would imply roughly $685MM USD gross sale of Corentyne (73% to FEC and 27% the CGX given current WI agreements). Converted to CAD, that's roughly .75 CAD/share to CGX. I'm sure FEC would like to get a higher price for CGX shares, given their breakeven on CGX is around .85 CAD/share... suppose if you throw in the port value, that probably occurs no problem.
My sincere guess at this point... if Catalyst can break even on its direct Guyana investment/CGX share investment, it probably would be happy all considered.
Never thought of injecting entire sale of Guyana into a special dividend. Suppose anything becomes possible at that point. Guess if FEC can't offload its other assets, then sure, that's probably the easiest way to inject capital back into Catalysts bank account in the short term.