OTCPK:GMNFF - Post by User
Comment by
nozzpackon Sep 09, 2022 8:15am
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Post# 34951609
RE:Paying Dividends
RE:Paying DividendsGobi paid a 1 cent per year dividend for every year except the market turnadown and low cash in 2019.
The long term yield ( dividend /averrage price ) wss about 2.5 %.
Gobi has $27 million CAD in investements right now which bbrings in about $1.3 m CAD in interest based cash flows.
This amount fully covers Gobi's operating costs ex the development costs of Saway.
With $130 m CAD or so in cash, they can now afford not only yo pay but boost the dividend.
Maintaining that 2.5 % yield would imply about 1 cent cad per quarter which would generate a share price of $160 M ( 40 times $0.,04 ).
That extra net cost would be borne by far less shares than previously and just 4-5 m or so non insiders, as the Insiders will take most of the dividfend.
So, dividend yes .
How much is the question
While can