cas1 to the top of the class, page-15

I didn't know the yanks had a disproportionate regard for divies - I am not arguing, I just didn't know it.

I have always found it amazing that their p/e's are so different to ours - now you mention their love for dividends - it confuses me even more.

I would also like to see a small dividend statement - but we surely are way too early for that yet??
More reserves yet needed I would have thought - but then? hmmm.

I have always considered dividends important for their cultural/intention meaning -- dividends mean that management are there to look after the owners of the company -- us!

I do agree that it would shoot us into the teens though - but I think we probably should be there anyway - management thinks so. I don't know what they internally value fml at right now but the last time I spoke to the company - just before the mill handover - I think from memory they thought it was worth about the 13 mark - not exact, but there abouts.

If the pog behaves itself, this roadshow (whatever it is) will probably get us back to and past 8 heading toward 10ish I would think.
Too many factors outside Coolgardie to speculate for me though.
Just hold and accumulate when possible - Charlie Aitken said this morning ----
"There is no default risk in holding gold" -------
dead right there Charlie.

btw, Charlie also said this morning ---
"One day all this must be good for gold as a 'safe haven'. "

Have a good day Pinto