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Ann: RIU Explorers Conference Presentation, page-8

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brinvestor

61 Posts.

23/02/17

09:49

Post #: 22834001
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Originally posted by Dasa ↑

I believe the company has no choice but to pay a dividend, and as a long term share holder I support this for the following reasons:

1. The company has announced it a number of times. To not do so would be to break faith with shareholders;
2. The company wants to tout itself as a producer. Producers pay dividends
3. It can afford it.
4. The money could be spent on drilling, but how much money do we need. SAU needs to concentrate on getting some more near term production going rather than masses of drilling. The drilling will come over time.
5. A dividend will lift the share price and get the company on the "radar"
6. A dividend signifies faith in the future, with more to come. It is part of a long term strategy not a short term cash grab

I don't want this company to stay in the ranks of the ranks of "penny dreadful" junior explorers, where chardonnay sipping directors keep paying themselves large salaries whilst releasing more and more exciting drilling results and assays until shareholder funds are exhausted and they get taken over.

I believe Boulton, Milroy and Co have more integrity than most and will announce a dividend. I would like 6c but believe it will be 4c. They want the company to grow long term, and I believe having dividends is part of that strategy

My thoughts anyway.

PS Good company presentation especially the enunciation of the strategies and how they are sticking to it

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I agree with the dividend. My opinion is that all revenue in excess of what was predicted in their base case for Cannon should be distributed. That would be around 3-4c (not sure about the number, though).

SAU Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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Ann: RIU Explorers Conference Presentation, page-8

Buxton projects new graphite province discovery at WA Narryer play

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

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BCI reaches close of funding facility for salt-first part of Mardie project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

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Ann: RIU Explorers Conference Presentation, page-8

Top Stories

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Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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BCI reaches close of funding facility for salt-first part of Mardie project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

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Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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