He said they were revising/reviewing the Capital Management Plan (dividend payout, buy backs. special divy and debt reduction could/would be in that discussion). It could be changed a bit or a lot - frk maybe divy dropped to 0-15% of FCF.
When they did the original CMP the company and SP were looking pretty good. Things sure have changed in the last 3-4 mths (share and lithium prices). The CMP is just a plan that will try to cover all possibilities in the future. The bit about what they will do with FCF is pretty open - they could do nothing about DRP BBs Special divies debt reduction - it is up to them to work out what best to do with the money - if you don't like it try voting them out.
For the DHs here - managements job isn't to twitch CMP - dividend payouts - buy backs - DRP etc just because some investors have no idea about the market and how companies operate. Agree with you Dizzle - if they can't hack it go buy a safe company like a bank or similar.
He said they were revising/reviewing the Capital Management Plan...
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