Hey
@vmp,
I support seeing some kind of reward for the share holders, be is a small appreciative dividend or options issued that are tradable so those that want to sell them for a dividend they can do so.
I'd probably be more inclined to support the later on a regular basis until the company can get on its feet as it costs the company very little to issue and recognises the holders. Anthony Tse has recognised that the only way for investors to make money on this stock has been to trade it or rent their shares out to shorts, or just short themselves (for instance) it is that comment which leads me to believe that he and the board will do something to encourage longer term investment. Don't forget they have options too that they not only want to exercise but also make a solid gain on.
The share price is very low and I notice that some holders believe that management should reach into their own pocket, however maybe what would be better is the company utilising some of the funds they bring in under POSCO & the JP Morgan process to do an on market share buy back. Many here have been supportive of this initiative. They could also place each asset in a silo and just utilise Mt Cattlin to continually reduce the shares in the market and as
@airconditioner pointed out provide regular dividend or cash to utilise for the above.
A share buy back would bring value to those holding the shares and remove them from the hands of those that want to play games on the market. I'd like to see some sweet justice dished out, preference for cold with a trading halt to allow us to savour the knowledge of how incinerated these fire truckers will be.
As I was writing this I had Bloomberg TV Europe on in the background and Evy Hambro of BlackRock came on. I managed to catch most of what he had to say and have shared the video below. I apologize for the audio, I had hoped it would be much louder.
