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Ann: PRELIM SEPT QTR UPDATE WITH RECORD HMC SALES, page-6

  1. thebigbadbear
    1,251 Posts.
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    12/10/20
    12:15
    Post #: 48023809
    Management hinted at dividends in the presentation on page 23.

    For those of us that bought at 17c recently

    Assume a 1c DIVIDEND over 12 months = 5.9%
    Assume a 2c DIVIDEND over 12 months = 11.8%

    This should be trading closer to 25c... It's trading at a valuation as if the mine is located Africa... It's not... Right near Perth...
    IMA Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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