RE:So 8.5 mil usd a y for div8.5 mil out of 100 mil fcf for divi is not mismanagement. other companies payout ratio are higher.
in canada canadian divi has tax deduction, and no tax if in tax-free account or rsp account.
2 months divi is a fraction of 8.5 mil, insignificant when they have around 100 mil cash. they withstood shutdown in the past with a lot less cash.
ideally for the long run it is better to have no divi as you say and only buy back cheap shares, but some people may be
dead waiting for so long lol. a lower share count won't help shareholders if the share price stays flat and gcm stays undervalued.
the 3x divi is the shock and awe used to get the share price up. and even if the share price does not go up, the shareholders still benefit receiving cash divi. the divi appeases the impatient shareholder.
good thing is sprott warrants don't get fat divi. sprott would have to convert warrants and give cash to gcm in order to get the divi.
Brioche wrote: Sorry , but this is completely crazy for a mono mine .
1)Between 30 and 50% of this money will go right into the states pockets .
2)Imagine a 2 months shutdown for any motif of the maria plant .bye the div .
Pure mismanagement in my mind or the deep reasons of a such increase need to be explained .
Fcf : Invest you were right . Good. segovia flat in oct .
Always way undervalued vs peers . The cgc conf call could be interesting . Many grey areas in accounting there . Funny to see the only giustra head on the website. -)
I hope they will go on with the repurchases. Glta.