RE:Following Akiba on twitter?
james2001 wrote: Interesting set of tweets regarding Wexford controlled companies rarely carry excess cash on their balance sheets and prefer to return to shareholders as share buybacks if shares are cheap and dividends if shares are expensive.Although he stated that they can do neither until the small loan has been repaid.I cannot see a responsible head of a company even putting that out there unless he can already see the ability of this company to accumulate cash well in excess of its costs going forward.I have never seen a junior CEO ever mention any of these things.
FISH just got a pile of cash from the sale of the TZ royalty. Maybe they can lend it to Mako to pay off the restrictive loan and start a buyback.