RE:RE:RE:RE:European Gold Forum
It is not fake emotion Mag. They TOTALLY mishandled the dividend cut. Companies that cut their dividend are usually in financial trouble. These guys have $200 million in cash. Again they could have telegraphed their intentions on the dividend. All they had to say was that there were reviewing the dividend and that it may be cut in the future in oder to conserve cash for Timok. Not just cut it without warning esopecially after the CEO said it would never happen under his watch. The copper issue has been ongoing for ever now (so it is not the main reason for the latest decline)but the abrupt dividend cut has cost us about $200 million or so in market cap. That is all on management my friend. Again I am not in this for the dividend or could care less about it since day one but many obviously where and management should have known this. In the end I really think it was as easy as communicating your intentions and preparing the market for it....