RCO royalco resources limited

Added a bit more to my holding today. Impressed by the...

  1. 166 Posts.
    Added a bit more to my holding today. Impressed by the managements approach to longer term share holder value. How many gold juniors have implemented a share-buy-back program? Well RCO did just that earlier this year and reduced the number of outstanding shares to just over 50,000,000. An indicated dividend of up to 3 cents for next year equals a yield of 7.5%. Unique income set up with all revenues comming from gold royalties (they actually do get payed in gold not in cash). In addition to established positive cash flow (achieved from 2009) they have a very nice exploration upside potential.

    As always do your own research and don't rely on any of the information above for your investment.
 
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