OTCPK:MAUXF - Post by User
Comment by
zeus55on Nov 28, 2013 8:46am
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Post# 21949232
RE:RE:RE:RE:RE:RE:Distribution of dividends vs debt covenants
RE:RE:RE:RE:RE:RE:Distribution of dividends vs debt covenantsI do understand your point.
But I know that the last thing Wade is going to do is cut the dividend, so they will work with the banks if there are any problems, and would get a temporary easement on the covenants, whatever they might be.
Remember, Q3 was an anomoly, and the banks will recognise that.
It has been a tough year, and i understand your caution. If the situation makes you uncomfortable, by all means stand aside. This is not a risk-free investment, never has been.
But if it works out, it will work out very well.