Ann: Net Profit Up By 212% To $4.1 Million For 2024 Year, page-30

There is a big difference between a company with a gazillion shares and directors happy to add more at a discount to any new comer with broker commissions payable,who willingly provide market crank anticipating their cut.
These guys are keeping it tight,EVEN walking away from issuing shares for tenements at what they consider less than current fair value,even after already initially paying out $2m bucks,but unwilling to dilute when Jeffries Find was going into mining and walking away from the dilution that would have wrought at that time issuing another $2m worth of shares.
Skin in the game and no desire for Capital raises leaves you with few brokers willing to give them the crank up.
It shows management Nous and reinforces why they have such a strong base of shareholders, who support them.
There's no money in it for brokers and so they move on and take their suckers with them.

As they say financially if you don't know what's the special being suckered this week -"It's you".

I have held shares in one company that has never issued new shares at all or even at a discount,other than a FEW for performance to employees and rewards it's shareholders with steady organic global growth and a consistently growing dividends for the last 25+yrs.
Pays it's employees performance bonuses Normally from a pool based roughly at half the divvies it pays to shareholders.
Gone global,but still keeps its headquarters in a hick town and doesn't give a toss what brokers say as it shareholders are rather sticky.One new shareholder wanted a dual listing and the company basically without saying .said get stuffed the majority of our shareholders are domiciled here,NO CHANCE,
Essentially - "We are not here to cater for one holders desire for us to be re-rated in a foreign market for their sole benefit".
They are rare and for them it is all about shareholder returns per share and continuing ORGANIC GROWTH and a rolling 50yr business model.

If 1.8c? a share profit from Auric isn't enough and doubling of last years profit and the extra bonus of receiving $ 6.5m instead of the $5.8m expected which means we have already earned a $700k profit distribution this year by 13th of Jan,far more initially than expected.
So already we are ahead and as they said $10m in the bank with more ore to be milled,
One tenth of last years profit already banked.
If you add up the recent acquisitions you can see where that extra $700K has been allocated,so it wasn't expected and because it's been spent also means they didn't immediately need the extra CASH,but have invested it for the future growth.

Management are tight-most shareholders tight and if you want a lot of shares you will probably be paying 40c plus as one recent major holder drove it over,to gain their holding.

DYOR + DYODD I am either right or wrong and no-one can arrogantly claim to be right all the time.However,I am rather comfortable where I stand.It was the walkaway from issuing those $2m worth of shares that did it for me and cemented my view of management priorities,which are also mine.They have not disappointed since.
ROLL ON MINING 1,000,000 oz- It is the doing not the finding that matter.