Back & forth back & forth - hubris? - simpler view A deal has been struck and worrying about why is really 'smoke' - Here's the way I see it - At anything less than $9/s RMC is one good deal re: future NSU dividend Income - well over 10%. Also - the possibility of another bid for RMC can not be ignored - so accummulating RMC seems lik pretty good investment strategy.
Will NSU cut its dividend? -Why? The 40% shareholder (Eritrian Gov't) is desperate for cash therefore any cut in dividend is going to go over very well - I don't think it would fly. NSU is also cash rich with good cash flow so the likelyihood of a dividend cut seems a bit remote at this point.
It appears that RMC is a unique Cu opportunity.What else is available in the Cu world at this point?If AU prices continue to go up and if Cu pricing was to improve even slightly the equiv CU grades would be pretty spectacular. With the 2 bids having been made It could attract some attention from a 3rd party. Who knows? -its mining!!! It seems to me that RMC is looking like a pretty good investment right now even at $9/s.