The Half Year Report is late. Last year it was issued on the 24th February. It's now the 28th and it doesn't appear as though it's going to be released today. I would have thought a dividend should be paid given previous statements which I think from memory was going to be up to 30% of free cashflow. From November Corporate Update:
If they paid out 30% of the half year cashflow of $46 million that would be around 3 cents a share for the half year.
@speculator101 Paddy's flat only generated 4,200 ounces for the quarter. There is no way they didn't know it was vastly underperforming by late November. They need to be honest.
Other reason for share price fall is market sentiment - ETFS are selling gold and buying sh!tcoin. I have a feeling the crypto bubble is going to be one for the ages. This suits the powers that be i.e. central bankers as they can accumulate gold before they pull the plug on crypto.
GLTA/IMHO
WGX Price at posting:
$1.83 Sentiment: Buy Disclosure: Held
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