OTCPK:MAUXF - Post by User
Comment by
Gulo19on Nov 12, 2011 6:24pm
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Post# 19232698
RE: Dividend
RE: Dividend outlins:U make a strong argument in favour of dividends, but then again, I am biased, as I thought it was a good idea from the beginning. I think it has to be looked at in a longer term perspective. Sure maybe in the early days it would be a small dividend, but given CF projections on full Umu Field development, it becomes a substantial payment, and if U have a few 100k shares ... The SP will certainly move up significantly as investors chase the dividend payment. Thanks for posting your thoughts. 4 those still not sold ... think about it this way - would U rather have (i.e. trust) Wade or yourself in control of the windfall profits - 100`s millions -that will come with full Uma development. Easy answer 4 me ....Remember also Uma field is exhibiting little to ZERO pressure loss, even after several years of production AND MANY zones are sitting untapped to be brought on production, when and if pressure and production starts to slide. So this will be a very sustainable dividend ... which the mkt values highly.