Thanks for this idea but it reminds me of corsa coal. Even with loads of cash, a shitty company always stay shitty, they just burn more cash. No return for shareholders or special dividend proposed?
Not familiar with Corsa Coal, but yeah TUSK is not a great company but there are multiple paths to profit here if management does some smart things. Management mentioned potential to conduct strategic review so might have something come out by end of year.
Looks like TUSK received another $18M due from PREPA today:
https://ir.mammothenergy.com/news-events/press-releases/detail/128/cobra-acquisitions-llc-announces-receipt-of-18-4-million
Thanks for this idea but it reminds me of corsa coal. Even with loads of cash, a shitty company always stay shitty, they just burn more cash. No return for shareholders or special dividend proposed?
Not familiar with Corsa Coal, but yeah TUSK is not a great company but there are multiple paths to profit here if management does some smart things. Management mentioned potential to conduct strategic review so might have something come out by end of year.
How much does management own?
About 5% in total doing a quick search. Nothing notable
why don't you have a say with them
Ha I don’t own enough shares :)