BCN 3.70% 2.6¢ beacon minerals limited

Ann: June 2023 Quarterly Activities Report, page-6

  1. 499 Posts.
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    Personally I'd rather see them scrap any dividends for a couple of years and concentrate on increasing production/tenement acquisitions etc.

    If they increase production and build a bank of surplus cash, it opens up their options for more expansion down the track. As an example if they hadnt paid out any of the recent years dividends, and were showing a bank balance of around $50 million in cash, I can guarantee our current SP would not be sitting under 3 cents. Paying dividends has actually stifled share price growth (in my opinion)


 
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