RE:RE:RE:RE:RE:RE:RE:3 Things Ricus Should Say Thursday agree with Stockwiz - they will do what is best for TV and its major shareholder . No one cares about us the little shareholders.
So pick your option / possibility and then align that with the potential return to TV, TV management and directors and Glencore. What ever maximizes return for the latter group will be selected.
As for paying dividends or share buyback. Perhaps I am mis remembering but was this company not on the verge of bankruptcy with massive debt? Any talk of dividend or share buyback is, at best, dilusional.
Take this for what it is...a beaten up mining company that has been given a second chance. It is, by no means, out of the woods and you will not get rich with this company. In the past price of zinc went down, and TV share price went down. When price of zinc went up, TV share price would go down. Bad news and TV shares headed down, good news and share price went down.
Frustrating, super frustrating with TV but in too deep to jump ship (if you were wondering why am still in this). Another lesson never to buy into a company where management does not have a super substantial holding in the company.