9 -10 Cent Dividend coming? (Thanks to my friends over on GEI):
CLOSING & USE Of C$40M Proceeds, Over HALF (70%!) to Redeem 2024 Notes
( US$19.16M x 110% x C$1.33 = C$28M / C$40m= 70%)
Time for a sizeable Dividend may be coming?
Take an 8.25% Div. of US$50Million, that's $4.125M x 1.33= C$5.48M (more with the Gold premium)
And divide that by 60.8Million shares, and you have a CAD 9 cent per share dividend.
Eric might like that, and it would help fuel a rise in GCM's share price/
> https://www.greenenergyinvestors.com/topic/20537-gran-columbia-gcmt-235000-ozyr-gold-miner/?page=16