RE:RE:RE:RE:RE:RE:Knock the stuffing out of this why don’t we. Cyprus Capital would be idiots to not make a move to privatize this company before opting for a dividend increase (as that would just distribute more of the cash hoard to other shareholders).
Perhaps they are pushing down the stock price and triggering stop losses to do just that.. Anything below $2.00 would be robbing other shareholders blind - but at these prices an announcement of a $2.00 take private on Monday morning would be a 67% premium.. and although that looks appetizing I would say it's well below Fair Value.
Cyprus could run the company for several years and then take it public again before the new PNG LNG project comes on board.. likely their game plan here