re: Ann: Highlights of Half Yearly Report Dec... CEBonomicsYour...

re: Ann: Highlights of Half Yearly Report Dec... CEBonomics

Your thinking is surely better applied to bank deposits!

Most gold/base metal stocks suffered in 2011 so factoring in the share price fall from it's highs into a short-term financial profit/loss is somewhat harsh given it's fantastic rise of x20 over 3 years (as I pointed to in my earlier post).

The 5c dividend is for the half year (ie full year is 10c) and MML have stated that they will maintain the 10c/year dividend until they have completed their expansion funding which seems perfectly reasonable to me given that holders over the next few years will benefit from a company that is quadrupling output at some of the lowest costs for any gold company globally.

Frankly, the level of dividend pales into insignificance compared to the potential capital gain implicit in increased positive cash flow.

re dividends:
at the current SP the MML annual yield is 1.57%

Randgold (the darling of the LSE) is 0.34%
Rio Tinto is 2.45%
First Quantum is 0.57%
Lonmin is 0.92%
Kazakhmys is 1.46%
Petropavlovsk is 1.49%
Hochschild is 1.69%
Anglo is 1.78%
Xstrata is 2.16%
BHP is 3.26%

But one has to as 'what is the likelihood of BHP, et al, quadrupling their production over 4 years?'
CPDLC