FML 3.13% 16.5¢ focus minerals ltd

something to remember for now, page-13

  1. 184 Posts.
    Folks,

    "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.
 
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