That's all well and good saying that @Joelstar, but weren't you the one that sold out here for a loss just because of what you thought of a presentation made by the CFO back in April? And then buying back in since then hasn't yielded a return (and sure, that's an assumption on my part). But yet, they still have the same CFO, etc
I get the theory of never falling in love with a stock, but if you thought you were investing in a well run, solid business, and expecting to stay for the long term and perhaps leave a solid, cash making stock holding for your kids, achieving dividend status in 12 years is a reasonable expectation.
The caveat to that is finding a Boda/Kaiser tier 1 ore body that has taken FCF off the table for the best part of 6 years! And notwithstanding any of those comments, I don't subscribe to mgmt being negligent or sub-std, as some do, they've just gone about it in a conservative way that isn't everyone's cup of tea. But the coy is, and will continue to be, hamstrung by having a single, private owner with approx 28% holding.
But for the record, I'm still not losing sleep over the SP, keep buying it when I can, and expect things to change dramatically when oz produced exceed or equal 100K or when they announce a JV partner for Boda.
Everyone's entitled to their opinion - even those that have many....
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Open | High | Low | Value | Volume |
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2 | 28358 | 0.535 |
1 | 8358 | 0.530 |
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5 | 257691 | 0.520 |
Price($) | Vol. | No. |
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0.545 | 12020 | 2 |
0.550 | 79680 | 5 |
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