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SAR

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$4.69 saracen mineral holdings limited

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mardo

225 Posts.

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31/10/14

17:46

Post #: 14218622
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Originally posted by kiwihiker ↑

Have previously held SAR back in the day, and did well from it. Always enjoyed the story, and have kept tabs from time to time on what appears to be a very well executed job on the part of the company's management. Very much considering jumping back in now that I am freeing up a big chunk of cash into my SMSF shortly.

I've reviewed the annual statements and recent quarterlies; one thing I'm missing is management's plan to get returns to shareholders. Has there been any declaration re potential dividends or, if cash on hand is being reserved to push back into continued exploration and expansions, where does the company see the investment by shareholders being rewarded beyond just a potential appreciation in share price (which wold reverse once mines are exhausted)?

If there is a potential for a dividend return given increasing cashflow, on top of appreciation of the shareprice, SAR looks petty nice.

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Why not try MLX then they are about to pay a 3% fully franked div in early December.They have about $90 mio in the bank
and have bought 3 gold mines during the last 9 months for a total cost of about $50 mio.Worth a look IMO.

SAR Price at posting: 28.5¢ Sentiment: Hold Disclosure: Not Held
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0 Great analysis

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