RE:RE:RE:RE:RE:RE:point#3Math aside, $.026 is the number touted in the May 4 NR. Also, the May 2022 Presentation states "cash funded acquisitions" - no mention of going back into debt after a whole month of being debt-free.
Gear has also increased the capital and ARO by 15 million of free cash flow that will not go toward dividends. While I entertain no issues with management's right to manage or set guidance, I do have issues with a creeping agenda that negates the guidance on return of capital in a debt-free enterprise into a debt-funded expensive growth focused entity in a declining industry faced with political and public disapproval.
Sending such confusing signals to the market is bound to affect the share price as investors seek certainty in a very volatile market. I can only hope that such certainty is forthcoming in the Q2/22 financials next Monday.