So, I've been holding this stock since 2011, so I believe that I qualify as a "long-termer". All the way down from my initial purchase of $2 (now $20/share) to $1.50 a share (was 15 cents!). The run-up over the past year or so has been fantastic - I am definitely in the black at this stage. I seem to recall predicting a $6/share (or something close) valuation in a post on here and being laughed at. That's cool, but I believe that LYC has a lot further to run - which brings me to my latest pondering.
When will LYC post a dividend to us long suffering shareholders? What needs to happen before that momentous day happens?
I understand that we still have some debt, but I get the feeling that profit will rapidly pay-off this debt. We have a significant amount of accumulated losses ($600+ Million?), but they are spent funds, and can be used by LYC to write-off profits, can it not?
We are funding a new facility in Kalgoorlie, but that appears to be going great - as do many capital infrastructure projects in WA, we do a great job of this sort of thing, so we can bank on that sucker being sorted soon.
We're working on around 18 cents a share in current earnings, with a forecast of around 30+ cents in the near future.
Given that we are in this to make money in a sustainable manner, surely we must be approaching a point where we should be seeing a dividend plan being announced?
NOTE to US contributors. I am aware that US companies don't appear to pay dividends, with most investors making money from trading. This does NOT interest me. I am in LYC to support a company that is going to help save the planet for my kids (and make money, but through dividends), so I don't care for any commentary that reflects "other" jurisdictions. I welcome your input - of course - but don't try and tell me that "your" system is better, because yours is cr@p!
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Mkt cap ! $5.813B |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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View Market Depth
No. | Vol. | Price($) |
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3 | 18095 | 6.180 |
1 | 14349 | 6.170 |
3 | 39510 | 6.160 |
1 | 9251 | 6.150 |
Price($) | Vol. | No. |
---|---|---|
6.220 | 8273 | 1 |
6.230 | 19595 | 4 |
6.240 | 14849 | 2 |
6.250 | 18749 | 3 |
6.290 | 1000 | 1 |
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