After sale approval, this will leave the company with a significant cash and liquid asset position of approx $83M equivalent to 21.5 cents per share.
I assume therefore that a dividend up to this ammount could be returned noting that the company would still have the molydenum mine resource sitting there for a rainy day.
Any comments from others as to how much $$ could be returned to shareholders?
I can understand why the sellers have dried up!
MOL Price at posting:
11.5¢ Sentiment: ST Buy Disclosure: Held