RE: Market dosent believe us22 Feb 2018 06:02
"Cash flow being the operative words."
Dot com flash in the pans enjoy astronomical valuation based on nothing but hot air.
AXM had its debutante days, with investors swooning over it because it was fresh and virginal, full of promise.
Now it's like Madonna singing Like A Virgin, through dentures.
Batting eyelashes doesn't work anymore.
AXM needs to run a productive *****house that has girls that earn their keep.
At 1,888.74m shares, 0.1p dividend per share only costs �1.9m , which is totally realistic when the mines start producing.
Pay 0.12p for 0.1p dividend? That's 83% return per year!
If a pensioner puts �20k into a S&S ISA now, he can buy 16million shares.
At 0.1p dividend, he can get �16k cash tax free, inside an ISA.
Assuming he gets ~�8k state pension, that's retirement sorted.
Actually, assuming 5% dividend, 0.1p dividend implies a share price of 2p,
and 16million shares is worth �320k.
The wet dream is 1p dividend, 20p share price, and the ISA is worth �3.2million.
Go forth, and set up houses of ill repute in god saken hell holes in the Congo, Iran, Turkey, Australia etc.
Check out Oxfam, they have been doing it for years.