The perfect strategy to clip the shorts and bring in new buyers is to SUBSTANTIALLY raise the dividend. While Kinross is making money hand over fist with the higher gold prices, it is time to reward the long term shareholders and attract new ones by DOING THE RIGHT THING, which is to pay out a good part of earnings to the shareholders. Keeping the profits for internal growth has NOT benefitted the share price, so it is time to try something NEW and PROVEN.
To see something like this !!!!announced approval to make a Normal Course Issuer Bid ("NCIB") permitting the Company to purchase for cancellation up to 10% of the public float of voting shares !!! If kinross want share holders to be happy they need to reduce the amount of shares on the open market NOW THATS THE TRUTH
Some worthy ideas to dress-up KGC shares, and if all of it could be done, it takes money away from the ETF's which have hurt investments in the miner's shares. The ETF's are, IMO, suspicious organizations, and I doubt that they hold the physical gold they have paper out against. I think they are just another paper gold business, and investors would really be better off in good miners, whose dividend are rich and paid out in physical if so requested. On any day a report could surface that throws an ETF under the bus for being fraudulent - then what happens to it's share price? I think ideas on this thread should be implemented throughout the industry among the miners that are paying out dividends.
If our management is really working for us, why haven't THEY raised the dividend payout(at least 4% yield) and paid out in specie? I think we should all call investors relations and ask them what they are thinking about all day.