Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
If PFC are going to cancel the dividend they need to do it now. Waiting will ensure the SP drops further and then any benefit will just bring it back to the current SP. Otherwise leave it in place and buyers will be attracted to get the dividend. PFC can afford it.
It benefited Wetherspoons to cancel the dividend by 25% or so and their SP is still up from then.
Mark, If PFC are in the same position? 400p+ down to 160p? So if it's more to do with that then surely the PFC SP could respond in the same way, especially as other oil stocks are up, as Warthog points out.
https://www.cmcmarkets.com/en/news-and-analysis/wetherspoons-share-price-jumps-despite-dividend-cancellation
Dividend cut at Wetherspoons has actually boosted their SP.