RE:RE:RE:RE:RE:RE:RE:Increase the div instead of wasting $$ NCIBSuppe11. Nice comment. You get the comment "Oscar" for this Q!
The CEO if Sandstorm, I know the company. I don't think he is trying to maximize value for all stockholders. Too many share issuances. He is just trying to grow the company so he can use the Pay and Benefits Consulting Firms to justify more CEO pay for himself, and more salary and stock options and RSU's for the BOD sheeple.
I would not put it past KH and this BOD to be of the same mentality. Nobody said anything about debt. just using the $$$ sitting to buyback stock. AOI has plenty of extra green handing around to fund these few exploration plays. Plenty of diversification and plenty of opportunity in all the non-Nigeria. Prime has enough cash right not to retire a large or extra large chunk of their debt and reduce interest costs and these line of credit bank maintenance fees.