RE:RE:RE:Aug 2019 News Release regarding paying 10%+ dividends Interesting perspective no doubt, as dividends are definitely a "easier" way to return cash.
For fun here:
Catalyst/Grammercy own 55% shares or ~47 million.
Let's assume FEC went insane and did 0.50 cents/share dividend per quarter (or $2 annualized).... results in ~25% dividend at current share prices.
This would net Catalyst/Grammercy combined $94 million CAD per year... or about $70 million USD.
Given they need to make up $500 million USD, that's over 7 yrs at 25% dividend payout. A special dividend even one time of like $2 CAD/share only goes so far.
No doubt, above example is unrealistic and just a fun example. But for better or worse, a full out sale is needed here.
I agree De Alba probably couldn't care less about CGX... but he should. If he continues to destroy them, he also destroys FECs WI in Corentyne as well. For better or worse, he needs CGX to amount to something worthwhile. If he crushes CGX more, why the hell would anyone pay a premium to FEC in the future...? FEC would have telegraphed they think so little of the block and probably have their share price/market cap eroded even more.