TER 0.00% 21.5¢ terracom limited

I'd love that as a new holder, but i can't see that much growth....

  1. 619 Posts.
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    I'd love that as a new holder, but i can't see that much growth. We should he above ti get to max 4 times earnings.

    this is more a dividend play they will run down the reserves and pay out as dividends. I'm happy with thay approach. Sell south African assets and pay a special dividend then efficiently run Blair Athol until it's gone. Should return hopefully 80c plus in dividends over the next 10 years. 4x on current prices....

    I think the reason they reduced Blair Athol output is to preserve mine life for higher prices and hoping for royalties to be reduced.
 
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