'ltinvest' pid='33977' dateline='<a href="tel:1386775 Wrote:I have been doing a number of calculations based on different scenarios. In another thread, I agreed with many posts while suggesting an "AND" strategy needs to be developed. Meaning, exploration and monetization of current and future resources needs to continue at as rapid a pace as is feasible. AND the rampant manipulation of the pps needs to be curbed as much as possible. It is the fiduciary responsibility of management and the board to consider all possible options.
While others have proposed a takeover or going private transaction, I believe return of capital needs to be utilized. I suggest a 33% return of capital of the $612 million payable at closing in the form of a special dividend. Additionally, I suggest 33% of interim resource payment (approx $3.3 billion total based on GLJ best case) be used for a share buyback program.
IOC would still have sufficient capital for exploration and their non financed share of the CSP & LNG plants.
It's time to use a "bazooka" to unlock the enormous value of this company.
may I suggest you email MH and CV your idea