RE: Unlikely to go below 23p24 Nov 2019 12:15
I recall watching a video interview with DM, which was back in June of this year and he was asked to give his predictions for what would happen at EUA over the next 2 years. I suggest that some of you go and view it. The vibe I go from it was that they want to further develop MT and obviously get that flanks licence approved too. They want to have MT in full production. That is why I believe we will see more of a joint venture arrangement emerging at MT rather than a total sale of it. WK will be fully retained by us.
The 2p dividend in the short term is not to be sneered at. With the share price sitting at 4p that represents a good dividend IMO. It is something that the BOD can afford now, rather than keeping shareholders waiting around like hungry gannets in the interim. Further special dividend payments may occur later down the line as we enjoy greater profits based on increased production at both MT and WK. I'd like to think that the share price will be many multiples of what it is today anyway, as we grow as a company and profits increase in time. Remember, once upon a time our share price was over £3 back in the 1990's.
Don't be too greedy and be careful what you wish for. All this talk of huge dividend payments right now IMO is unrealistic and probably won't happen.