Fully agree "hopefully that includes dividends" I look forward to them clearing the outstanding tax credits once they have reached full production and start shedding UNALLOCATED CASH after exploration to extend mining life. With plenty of acreage they have enough owned area to drill to fill the Mill for some time given the local geology. In that respect I give them 12 months to show their metal with a 6 months delay on the start with VERY VERY small divvies consuming around $5m of those tax credits a year to show they care for shareholders. Just paying a dividend will allow certain fund investors to add them to their portfolio.
Year 3-4 from now, depending on commodity prices, the taxable profitable income should be rolling nicely having extinguished all accrued tax losses and enable the ongoing paying of regular divvies. Beyond that the management can play the corporate growth game with the SURPLUS CASH they can't give to shareholders easily with tax credits or share buybacks.
Currently my 2nd largest holding.
Regards
HGO Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
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