MLM 0.00% 3.4¢ metallica minerals limited

Bauxite On Metallica's Playlist, page-16

  1. 698 Posts.
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    Personally, I'd like to see some of the $6 a tonne profit returned to shareholders as a dividend. eg 1 cent a year. That would provide a 5% rate of return if the share price is 20cents and possibly 100% franked. Let the company spend some of the $9m a year profit on the graphite ($3M), and built up the bank balance for SCONI with the rest.
    Unfortunately you see to many companies achieve a cash flow and then just spend, spend, spend and the next minute you looking for cash flow again.

    MLM has excellent opportunities, but lets be a tortoise and not a hare.
    Last edited by MalcolmD: 20/07/17
 
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