BCN 4.17% 2.3¢ beacon minerals limited

Ann: Jaurdi Gold Project October Production Update, page-122

  1. 5,474 Posts.
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    for the half year, the gold selling price for BCN will be under the $2600 they need as a minimum for the dividend

    so one will expect no March dividend; but CLOSE to getting one; but not yet (according to their pre defined rules); and I think that best; better to only pay the dividend when they have paid some tax for the franking for us; so the capital management will be interesting

    mind you, we have seen the merger of DCN and MNT; DCN with the processing plant and smaller resource and MNT with a bigger resource to extend the LOM many, many years

    I dont know the neighbours of BCN, but if POG manages to remain $100 under the prev average in AUD, maybe there is indeed some oz's to buy; that is useful capital management.... we will just wait and see
 
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