Well that explains the current price weakness and depth that dropped away. Didn't realise it had come up so quickly.
Looking forward to a nice chunk of cash that's coming my way...
The companies dividend policy has been:
"A formula reflecting the distribution of up to 60% of after tax profits be paid as dividends."
If we see 4250 ounces of Gold delivered via Reefton Royalty (after tax) and Gold stays around an average of AUD$1600 over the next 12 month period...
$1600 x 4250 = $6.8m x 60% = $4.08m / 52.7m shares = 7.7c per share
That's just for Reefton, other royalty streams not included... maybe they will do another 10c capital return.
May not be as simple as that as not sure how they take into account the FF aspect, however I think we can probably look forward to an even larger dividend next year at the very least.
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Well that explains the current price weakness and depth that...
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