A Modest ProposalTo all those who are looking for a quick payout through a special dividend, I have a quick suggestion. Why don't you just sell your shares in HBM and get the cash for it now? I firmly believe that doing a special dividend at this time would drive the stock price way lower (as its SP value is based on the money in the bank) and would kill the long term prospects for the company.
I admit that Skye and Lundin deals may have not been the best ideas in the world but to compound the problems for the company now by replacing the board and doing the inevitable special dividend at this time would be the end of the company as we know it. Face it, Jaguar and SRM are not in this for the good of the company and we all know it.
In the meantime, I'm sitting with my $3.70 share average and will wait this out.
Later,
Threelaner