"You would not buy a business and not take a wage"
Oh really? Personally, I invest for a return. That may be via a mix of capital and income, or it may be just capital growth.
"They the company pay a special dividend"
For what? Special dividend? This is not NHC selling an asset for a cool gain of $1.6 Billion....thats with a B people. Or TLS when NBN Co buy their value dwindling fixed line infrastructure (that's my expectation). This is a miner, JUST gone profitable and need I remind, JUST did a capital raising. Raise and then hand back money??? I hardly think so from this management.
FML has plenty to spend cash on, including Nepean Nickel Shaft in care and maintenance.
Some stocks are designed as a gateway for income direct from operations to owners. FML is not one of them, not yet anyway. Would be very disappointed if they paid a dividend prior to proving up a minimum of 15 years gold production.
FML Price at posting:
5.7¢ Sentiment: LT Buy Disclosure: Held
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