BCN 15.4% 2.2¢ beacon minerals limited

Dividend Return Table & Ex Dividend Closing Price 18/3/2021 Closest to the Pin, page-11

  1. 152 Posts.
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    Sorry, can't make graphs and the like, but here are my calculations on the back of an envelope, and I'm more than happy for corrections.
    As I see it, this Div .007c (.002 Ord + Special .005) costing about $22.2m less recoup of Ex Opt -$7.5m = actual cost this time of $14.7m.
    Based on the last 6ths results of showing All up profit of $12.5m, would at present now cover 2 x 1/2 yearly div of 0.002c each. Therefore at todays operations there should be another $12.5m per year of surplus (after Divs) for whatever the board think it needs to be spent on (Exploration or Purchase) .

    If these figures are right, and there are incentive Opt at $0.055 share price at 3/8/23, why would anyone think the share price (incluing possible 2 Divs guess) will be any less than $0.055 or much much more than say best bet $0.06 by mid 2023, except for another good prospect or increase in gold price. This is still a little company, IMO a great little company, but under corporate governance rules, it is unlikely to attract fund managers for massive SP increases. BUT it may well attract a takeover offer at some time. For me it is a very sound and now good paying investment. (17% now say 10% (@ .04c) with some risk verses 0.25% no risk with a return below inflation!!!
    IMO If you want quick multi-baggers look for stocks with a lot smaller number of issued shares. This may not suit some - its fine by me.
    Good luck, for what ever way you see it and DYOR.
    Last edited by Rockchipper: 25/02/21
 
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