OTCPK:MAUXF - Post by User
Comment by
oullinson Sep 01, 2011 1:47pm
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Post# 19003457
RE: RE: RE: Good Call Oullins
RE: RE: RE: Good Call Oullins5wood. Dividend vs buyback.
I am clearly on the dividend side. To have a significant effect on the share count you need a very large share buyback. Just 10% of the outstanding would be $35 to $40M depending on the bump in share price. It is not affordable right now and would not be a big drop in share count.
Dividend could be very significant. 4c a year is $3.5M a quarter and a 6.5% yield. 8c is a 13% yield. It is affordable starting with quarterly payment in January and more important it is sustainable even with a big drop in oil price..
We have all been complaining that we need some new blood in the shareholders pool. A high dividend would bring the dividend players. They are not day traders, they are long term holders.
Point number 2 you are correct I was talking about a reduction in restricted cash. My typo.
Cheers