re: Ann: December 2011 Quarterly Activities R... Gosilver, don't...

re: Ann: December 2011 Quarterly Activities R... Gosilver, don't bank on a dividend from current management.
They have consistently said that it is bad economics to pay a dividend. They always point to their record of finding new resources for only $10 per oz. If you would suggest say 10cent per sh dividend, they would argue that with the $22m it would cost, they could identify another 2,200,000oz of gold which would add much more shareholder value. This of course is dependent upon them continuing to find resources at average $10 per oz. This is my recollection of previous statements on the topic.
By all means ask Les what their current attitude is.
Cheers
Paddyboy