BGL 4.17% $1.27 bellevue gold limited

2012 guidance, page-8

  1. 84 Posts.
    2 figures worry me and I will raise them at the AGM.Employee benefits year 2010-2011 rose from $1.67million to $3.3million.a 100%increase.The year before went from $1.5million to $1.67million only a 10%increase.Admin expenses 2010-2011 went from $515.544 to $1.76million an increase of 340%.The year before decreased from $591.545 to $515.544 a 14% decrease.All well and good to say we made a profit but these numbers worry me and if they continue there won't be much hope of any future dividends.I also hold AMM.They have a dividend policy of 50% of profit returned to shareholders by way of a dividend.Any comments welcome.Cheers dave31
 
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