Sherritt International Corp T.S

Happy long weekend

[rkhosla]

To ponder between now and January..... will 'value' be returned to shareholders via a dividend? a buy back? They coukd afford $.25 divy per share....  As for buy back i believe they are limited to 10% float per quarter....  but they conceivably could retire well over a quarter of the float over the course of a year.... i preffer a divy.  curious to hear thoughts of others

[VerificateASAP]

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[rkhosla]

The min that would be resonable in my eyes is $.02 a $.05 per quarter....  $20-$80mil.  

[Albatross]

Once debt is under control and the company is in a position to afford it I think it would be strategically advantageous to put any extra money to buy back shares until we are in the $1.50/share range and then any extra money goes towards paying a small dividend. The share but back would make any future dividend go further as it's spread amongst fewer shares. Also allows people like

[VerificateASAP]

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[CommonCents123]

This is awesome news, they have debt under control, they have millions in the bank and millions more coming in with a booming economy and billions of electric cars coming into circulation. It's easy money, tell all your friends what a great investment there is in Sherritt. No where to go but up. VerificateASAP has the master plan to lead us to the promised land of milk and honey! Follow

[rkhosla]

Sure but that's not what they are saying... They are saying debt IS under conteol and that they WILL start returning to shareholders Q1 2024....

[CommonCents123]

Whatever it takes to get me out I'm good with.  Don't hold your breath on a share buyback,  Binedell and his team are there to fill their pockets...just like pathe and friends. 

[VerificateASAP]

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[CommonCents123]

i only need know the stock price after sunshine and rainbows predictions.   and it ain't good.

[Contrarian333]

IMO It doesn't make sense for a cyclical business to have a regular dividend policy.  Return of capital should be in the form of the repurchase and cancellation of shares when they are cheap and the payment of special dividends when they are not.

[VerificateASAP]

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[CommonCents123]

Call me asap and conference with Binedell so we can redirect his energy.   We'll  push ur strategies.  Good news on the dilithium Chrystal patents. We'll be able to power the next generation starship enterprise "to infinitey and beyond"

[Albatross]

Well that just makes too much sense 

[rkhosla]

Is it not true however though they would be restricted to a 10% buy back limit and therefore at present prices only $20mil cad???  Whereas as a divy could be bigger?

[Contrarian333]

Substantial Issuer Bid

[rkhosla]

Is there not a 10% of float limit???