BCN 8.70% 2.5¢ beacon minerals limited

Actions speak louder than words. The best indicator of future...

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    Actions speak louder than words.
    The best indicator of future performance is past performance.

    Over the last two years the directors have done what they actually said and by the dates promised.
    Therefore the directors are most likely to apply cash in the way they said they would.
    The directors said the $18m debentures would be paid off within 12 months and they said they wanted to commence exploration and drilling to build up more defined resources and therefore extend the LOM.

    I reckon the monies will be applied to debt first, exploration and drilling next and sometime in the back half of FY'21 consider a dividend. All of this is predicated on gold remaining around the same A$ price.

    Cheers.......Daicosisgod.

    Congratulations to GWS, better team on the day and especially over 4 quarters.
 
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