RE:Atleast $2 I agree.
They have been unfortunate in their behavior and especially clarity. And they went way to early with the 1st RoC news release when it was not clear yet what and how they would proceed.
But they have listened to shareholders, course corrected, and now we end up with a company that will:
1. Capital return between $ 0,67 and $ 0,78 cents
2. Create a Canadian cash flow positive business with large tax pools, likely into a divco
3. Still have LT massive PNG upside, which has been delayed and you can't blame them for
4. Have no debt: positive cash balance (also significantly so AFTER the RoC)
Since they have a pristine balance sheet and positively cash flowing businesses they will likely be able to attracte capital at a reasonable interest rate as they grow.
Most goals were reached and these guys came out of covid with no dilution and debt free.
They have done a lot better than investors give them credit for, which has been destroyed by some of their behaviors and lack of clarity/sense-of-timing.
Looks clear sailing from here.
R.