Post by
SomeGainNoPain on Nov 04, 2021 5:11pm
New identity, new narrative, the call in a nutshell
Mrs Davidson is transforming the company in a meaningful way. No more angry investors in the conference calls - we will have none of that from here on.
The new narrative: we are green. We use clean energy and we clean up mines tailing mess, yet we are profitable. So you green investing ETFs, better look this way.
The dividend: it has to be sustainable and has to grow. If 6% is not enough for you, look elsewhere (and good luck with that: FM doesn't even yield 0.1%)
The buyback: no idea if it will catch. The unused money will return to shareholders through an NCIB if it didn't work. Luzich and al intended to use it, but it was not binding.
The special dividends: don't count on it. That is not sustainable.
The company growth: waiting for offers and occasions, we will not ruin our business to grow.
Hedging : working on it, if it can secure the dividend, but our situation with royalties makes this complicated - stay tuned, but don't hold your breath
All in all, this has become a mature and smart company, run by mature and smart people. What is there not to love?
Comment by
goldens on Nov 04, 2021 7:38pm
It will be interesting to see if they take $1.30. It still might be worth it if you are getting rid of a large amount and you need the money for another investment. If you try to unload a large amount quickly you might get less than an average of $1.30 given the volume. They also have a crapload of shares still in the game. All in all I can't wait for the Dutch auction to end.