My calculations say that a 1 cent dividend would cost the company $8.7 million or thereabouts (depending on the number of shares outstanding). Bell Potter forecasts allow for a NPAT in 2020 of $90 odd million (as per the July 2019 report). That leaves plenty of room for other contingencies. In fact, I would say GOR has room to go even bigger. $20 million for exploration and to manage debt and any pressing concerns. EPS of 11 cents and growing strongly as the gold price finds its true equilibrium (anywhere north of $5000 just to match an ever increasing money supply) and it's off to the races.
Gruyere Official Opening, page-10
Add GOR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.70 |
Change
0.025(1.50%) |
Mkt cap ! $1.836B | |||
| Open | High | Low | Value | Volume |
| $1.69 | $1.72 | $1.69 | $6.650M | 3.918M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 72051 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 70570 | 6 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.69 |
Change
0.025 ( 1.60 %) |
||||
| Open | High | Low | Volume | ||
| $1.69 | $1.72 | $1.69 | 974568 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| GOR (ASX) Chart |