- Under Mark's realm, net debt decreased from 2.2B USD to 193M USD, SG&A expenses shrunk by 17% and the share price increased from $13.50 to $20 pre-war.
- The share buyback program seems the best allocation of capital due to the lack of significant projects.
- Mr. Market is over-punishing GOLD and rewarding AEM and NEM for past growth. However, I think the multiples should converge.
- The new performance-based dividend policy could be a catalyst to re-rate the stock.
For further details see:
Returning Capital To GOLD Shareholders Could Be The Trigger To Re-Rate The Stock