If the next quarter production can be maintaind at the Mar 2012 production and the gold price holds FML should see approximately $150m in Revenue in my opinion. A dividend of .1cps would cost $4.32m (a cost of 2.88% of Revenue) per half year and an annualised rate of approx 4%. With the share price at 4.8 - 4.9 cps the board should seriously entertain this im my opinion. I also see management and the board doing a wonderful job but it is not being reflected in the share price in my opinion. A near term positive catalyst for the stock in my opinion is a forward looking statement on dividends being paid.
FML Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
