If you look at the presentation today, I doubt that there will be a divi declared until sept/oct this year or perhaps in 2nd Q 2017.
SAR is going for big gold margin earnings that will enable further exploration/expansion.
Our step up in the index is very exciting as it brings in the instos which can only mean a stronger register and yes the instos will want a dividend ..so the divi will come.
Exchange rate droped 2c today and US $ looking fragile so gold is looking very good imo.
Kicking my self for not adding more last week at $1.03. Got to find some more cash to top up.
Looks like a $3 SP is within the realms of possibility.
If AUD goes to .70 and AU goes to AUD $1750 or there abouts, and SAR increases its gold output according to schedule, $3 seems logical
M1
SAR Price at posting:
$1.24 Sentiment: Buy Disclosure: Held
