RE: Very poor9 May 2020 19:11
Dimi,
Some of my gold holdings - here and in the US - have seen phenomenal returns over the past year and, like you, I have taken profits along the way. But Resolute is selling its most secure asset (location-wise anyway) and cutting dividends - not that anyone buys gold miners for dividends - while other companies are increasing their's substantially. And, on top of that, they dilute and sink the price !!!!!! What LESS can they do for investors? If management was taking some of the pain that might help somewhat, but here they are doing the opposite - benefits have increased.
The opportunity cost of funds tied up here has been substantial in this gold bull market. I made the decision to bolt at breakeven - might just sell up at a large loss and deploy the funds elsewhere.