MMMMM....it is my understanding that very few gold miners pay dividends. Case in point …how many gold explorers pay dividends – they continue to rise whilst looking for the golden goose. Medusa has proven resources. Look around the entire world right now. How many companies are weakening and losing their capital bases. There are equity raisings everywhere whilst Medusa is pretty well debt free. With pretty well the entire world shut down over the last 3 months (with very little or no overseas travel) I wonder what sort of dividends will be paid generally by globally listed companies. The Gold price is now at or close to its all time highs.
Given the tight share register of Medusa (ie 207.79M shares on issue) for every 1c dividend paid - it would cost Medusa $2.0779M DYOR
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