Goarmy, if the directors are buying into CDG, then I will be very happy - as all along I have been hoping that they would leave BCI alone to chug along and make good profits (for us shareholders) until the IO runs out ( in the next 7-10 years?)
Chelks, good post with lots of food for thought. Regarding your comment: "It still may pay a 15 cent dividend in March, the money is there, but management will need to stick it's hand down the BC Iron cash pocket well below the 25% level."
I really don't thing that they will have to dip into the coffers. If IO prices remain around the $150 for this quarter then the extra $30 alone would more than pay for the divie:-
6Mt/4 quarters x $30 x .75% share x .7 (less 30% tax) / 125M shares = 19c per share
VERY, VERY ROUGH figures but enough divie-money should be there by the end of March....
BCI Price at posting:
$3.63 Sentiment: Hold Disclosure: Held
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