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20.0¢ firefinch limited

Sprott initiates coverage of Firefinch, page-235

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newbieguy

1,824 Posts.

294

08/05/21

16:15

Post #: 53038607
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Originally posted by SurfingTheSet ↑

I think it depends on what is the best use of the money. Personally I am seeing the gold price going higher and if the company can buy another mine and infrastructure for 200koz a year (say Tongon) for freaking $30 million odd plus some Capex after then I'll take the deal rather than a dividend for 4c odd

Then with that mine coming online and churning out gold with a rising price the same thing applies, but now the figures are bigger for the decision of both dividend or deal. Regardless though the capital gain will be real. I of course would like dividends etc but I also would like to grow the company in the manner they did last year for Morila if they can, if they can't look at other options including returning the money to holders.

i actually am hoping that management really start pushing if they can for more deals given the incredible deal they managed with Morila. I think gold is going up so the prices on these assets will only go up as well which means time is kind of critical. Of course if I'm wrong and this is a peak for the POG then it's a bad move but again, using the money the best way with all the info we have is the way I would like it to go.

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I’m with the growth and investment in the region .. I never said dividends in a couple of years but a few years .. by then we should have a significant cash pool .. $700 profit with the current prices with 200kpa is $140 mil pa.. 20-40 mil from it means 2.5-5 cents dividends(800 mil SOI)... leaving $120mil pa for other activities.. which is very realistic and doable.

Drilling programs will further increases the ore size and maybe grades too.. so potential is enormous with keeping everyone happy..

Dividend stocks get special attention and love from investors .. and then we have lithium too

Just my 2 cents ..

FFX Price at posting: 37.5¢ Sentiment: Buy Disclosure: Held
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