Dividend27 Jan 2021 07:04
I see it differently, and expect a dividend as the profit figure, cash and future prospects will justify a dividend. This is a very well managed prudent company, it used to pay a dividend and stopped, due to circumstances. It then started buying back shares and investing in mine capacity and buying out their partner using the cash generated. I think the board will now want to reward the patient shareholders, who see a very rosey picture, with rising commodity prices, rising output and a long life mine. I am sure GFM will now be on the radar of a few large commodity companies, as the share price does marry up with the potential, like most small commodity producers. They are currently unloved, but think the investment cycle is slowly changing. I am a GFM bull I admit it.