Spyglass Resources Corp SGLRF

RE:RE:RE:RE:Spyglass declares 2.25-cent June dividend

[power_auditor]

Seppelt.....maybe the "optimal" word here is timing....time to buy and time to sell....Whether O'Byrne will now re-assess the financial books and make a proposal to take 0.005 to 0.01cts off the dividend has in all probability been rehashed among the BOD for a long time now....but there is no cash crunch so why give in to the "shorts"?  If the debt was not managable then I am sure,very sure mgmt would not ruin their reputations and the shareholders by paying out $2.9M every month....I just do not believe mgmt would act so irresponsible.

In order to make your 35% to 50% you need to sell....correct?  A paper gain is just that....a paper gain......buy today at $1.80 and collect 15% for the time being....selling your 35 to 50% will leave you with a very nice decision as to what to do with your gains....buy a 15% dividend payer or buy another E & P that has run up already this yr...these are just ideals that I understand you are very familiar with...but timing the mkt is always an imperfect game...but buying an under-valued asset is usually a good game plan....SGL has its debt....so does Ontario....so do most Cdn's....if the mgmt can "manage" this debt then why all the complaints about getting payed 0.0225cts every month?

Assets sales are happening left and right and south of us almost every day now....SGL is in a very nice position to cash in when the right deal comes along....mgmt has not made me reconsider being a shareholder....positions can always change...nothing is set in stone anymore,nothing but why not let mgmt do their job and manage the company so that the 15% div. is paid every month?    Why is a 6% div. better than 15% div.?

Anyways as shareholders(including Cender) we can all agreed SGL is undervalued at $1.77 and worth much more debt and all.   I do not think the dividend policy should be the main target....but I am probably an outlier here on this.....but I am happy to take that 15% and re-deploy the cash for the time being.    As you wrote getting the most out of the fields we have should be the main goal now with O'Byrne....I wholeheartly agree.  GLTA