TSX:TECK.A - Post by User
Post by
Gladtidingson Apr 18, 2010 3:52pm
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Post# 17004897
The reinstatement of the dividend
The reinstatement of the dividendby Teck is dependent upon the elimination of the large $800 million debt. This presupposes that internal cash flow from operations plus further equity issue in the coming months is in the offing - the latter would likely be further injection of funds from China's Sovereign wealth fund which is adamant upon spending their large US Treasuries. This would be good for Teck and shareholders. Last week's drop in SP is likely setting the stage.