RE:RE:RE:RE:Nickel 28 Confirmation of Largest Ever Ramu Cash Distr. lumpy13 wrote: Unfortunately, mgmt is very self serving. I wonder what the share price will fall to after Pelham's offer expires.
Given the $9.7m they received, they should 1) pay a 5 cent dividend (around $5m needed); 2) pay down $2-3m of construction debt; 3) keep the remaining for NKL operating expenses, which should be minimal as the have a free ride on Ramu and their other royalties/streams don't require any meaningful work.
It's frustrating being a shareholder in a company with a good asset but having a mgmt in the middle that is most focused on taking care of themselves (very nicely).
Let's hope Pelham, extend and increase their offer to get a corner position to stop the greedy and selfserving management diluting us to the bones. 10 milion shares @1.5 CAD is still a bargain.