Post by
Dow20000 on Mar 24, 2021 2:39pm
LeNailMaker
Future is bright? What future? After they sell their Assets in Japan, what is left? Are the Lundin's going to buy out the rest of the shares not owned by them? What is the value going to be?
Comment by
JAYDEE16 on Apr 01, 2021 12:12pm
So they can pay shareholders a one time special dividend of 50cents or something like that... There are not many companies trading less than the cash on hand value out there.
Comment by
jeep91 on Apr 08, 2021 11:46am
Only here because a friend bought into this company and mntioned it to me....are the Lundin's packing it in....selling all assets.... or is there still going to be a stream of revenue from other projects? Then seem to have a fair chunk of money on hand....so what is going on here?
Comment by
jeep91 on Apr 09, 2021 8:52am
Well , I guess this mornings announcement has answered my question as to the forward intentions of this company.
Comment by
JAYDEE16 on Apr 09, 2021 9:24am
Yep selling everything and giving all the cash to its shareholders.
Comment by
jeep91 on Apr 09, 2021 11:12am
Approximately how much per share will that rranslate into...or is that too complicated a question to determine at this point?
Comment by
JAYDEE16 on Apr 09, 2021 2:39pm
Roughly they will have about 200 million in cash in you assume the last plant thats being repaired goes for 25million$ .. so I would say roughly .60cents a share. BUT not sure the liabilities on the books. Hopefully we get over .50cents. I dont think the Lundin group would vote yes if they where not making a nice profit. Im no expert so don't take my word for it lol.
Comment by
jeep91 on Apr 09, 2021 3:53pm
I understand....thanks for you perspective....have a great weekend.