12-12-2013, 02:44 AM
'ltinvest' pid='33977' datel Wrote: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.
If everyone on this board called or emailed WA and stated that they were behind this proposal, you would be shocked how much influence it might have. Any kind of divi will force the location of all shares. If the company does not implement some similar strategy I will be calling my positions out with calls over the next few months. I'm not willing to wait through 5-7 years of continued manipulation to achieve reasonable valuation.