CTO 20.0% 0.4¢ citigold corporation limited

What are these guys on, crack - why mention the word dividend...

  1. 177 Posts.
    What are these guys on, crack - why mention the word dividend when obviously they can't afford to give one out!


    An extract from the latest financial announcement:

    Your directors have considered it prudent not to declare a dividend at this time. In the short term
    the investment of operational profits in expanding the gold output aims to produce greater returns
    for shareholders. This decision will be revisited as each stage of the production ramp up is
    achieved.



 
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