RE:RUN bulls.............
It's hard to say what's happening. For now it seems like there's a floor being found around CAD $3.40. At this level USD$0.16 annual dividend equates to around 6.5%. Who pays more? Crescent point energy paid 10-12% but it didn't have money to do that, so they cut it. Nevsun spends USD$8M per quarter on dividends. It can continue to do so for several quarters until commodities recover (if they will, of course). Stock market for retail investors is a game of probabilities. Nevsun is better chance than many others. Can it fail? Of course it can, and we'll be the last guys to learn that something bad happened. NSU has it in its history. But the swing from that guy from US embassy says something. As per that old case , well... it's getting older. And in the meantime US official says everything there is up to western standards. I don't think he went there just because he was bored and had nothing to do in his office. Most likely, it's the reflection of some change. I don't like to make things up. But something here in this case looks positive for NSU. We'll see how it goes. In the meantime we'll get ready to collect our dividend and you can keep shorting this stock. Anyway, I with my humble investment and other guys here do not make big influence on the SP and trading patterns.