RE:Nickel 28 Confirmation of Largest Ever Ramu Cash Distr. This renewed planned share buyback is nothing other than that the available cash indirectly goes into the pockets of the directors/officers. Because the system is clear: share buyback, cash is reduced, new shares/RSU/options are generously granted to the directors/officers. These characters have no risk, no responsibility, no decision-making authority - except to give themselves gifts. A dividend of CAD 0.05 to all investors would have been much more sustainable for shareholder value. Those responsible also break the promise to use the cash for additional repayments.
It's a shame about the great investment case. But with this veiled rip-off, it's no fun going into the details of this stock anymore.
urai58
PS I also assume that the financial figures for the 1st quarter will not be good. Reason: further increased OPEX, lower nickel price and massively lower cobalt price.