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$1.57 silver lake resources limited

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3,274 Posts.

1613

21/01/20

21:03

Post #: 42501127
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Originally posted by timbuckley ↑

There are 760mill or so shares on issue. $180Mill in the bank. Around $100Mill per year free cashflow/profit. How much div would you expect?
For it to be material lets say 5%? That would roughly be $50 mill plus tax for 100% franked so possibly up to about $80mill. If that was paid every year there would be little expansion. If they did a one off, they cut their cash down to half and for what? 7.5 cents profit can be made in a weeks trading if one applies themselves. Any dividend would weaken the company more than the payout would be worth IMHO. Regardless that SLR doesnt pay a div, the stock is up over 50% in 6 months and probably be up another 33% in next 6 months. Isnt that worth holding regardless of divvies?

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I would prefer if they use that extra cash to start taking over smaller explorers, continue drilling to expand resources while gold price is still at current level. When time comes retirement, they could be worth the same market cap as NST or higher, while gold price doubles. They can start paying dividend then and we can all retire rich.

SLR Price at posting: $1.51 Sentiment: Buy Disclosure: Held
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