SRL 1.37% 36.0¢ sunrise energy metals limited

srl dividend, page-7

  1. 4,618 Posts.
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    guys

    I am not aware of the special divvy.

    I purchase on the announcement at 1.33 not because of hte special divvy (if it exists) but because of hte following:

    1. War chest of 300 million
    2. No debt
    3. Established copper operations in Austraila (low sovereign risk

    IN todays depressed market the war chest will:

    1. Potentially pay a special divvy
    2. buy new assets (advanced)
    3. fund further exploration (aggressive)

    at 1.80 it is cash back with operations providing upside.

    Still good value imo. A special divvy would be a bonus.

    GC
 
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