to me as an investor a stock like austral is basically a call option on the day PM prices finally breakout.
until that day comes they pay a nice dividend and the cashflow from operations means there’s not really a meaningful dilution.
30+ cents simply comes from either a large surprise exploration discovery and/or higher gold prices. The catalyst would likely be a reopening of casposo mine which would double revenues.
AGD Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
