RE: DIVIDEND SURELY ??1 May 2024 08:40
Doubt there will be a special divi but they may start to pay a divi at 5% level now that the debt is cleared and they are making free cash flow every qtr. The newly acquired mine/tenement will take a fair bit of cash resources to get up and running and this will hopefully make up for any reduction in production of the current mine . All looks good. Free cash flow for first qtr was $21 mill on an average gold price of 2050 oer oz, its now at 2300.. so generating cash hand over fist now. on a market cap of just £117 mill..