Here's an idea... INCREASE the dividend OR STOCK B AU stock are making money...
but the world thing AU is not worth.
if every major producer would increase its dividend by 100%... from the mere 2% yield to 5%..
I can bet you ppl will think differently of AU stocks.
currently K pays $180Mill in dividends... a double will be $360Mill.
with $1.40Bill of cash flow, they can afford to pay the dividends.
OR...
Kinross should start buying back its huge share base.
At these level its a NO brainer
200,000 share @ $6.40/share = $1.3Bill
thats about 20% of the shares...
play the demand and supply ...
if the demand is low, buy back its shares for those who dont want it
THis worked well for ROGERS COMMUnications.
Had 600Mill shares..@ $30/share.
Now 400Mill shares .. @ $50/share.