A little analysis on the Income StatementJust to run some numbers for the gang:
AUD-CAD: 2,136,958 x .92 = 1,966,001.36 (CAD)
Shares-Dividend Payout: 105,579,874 x .02 = 2,111,597.48
Income-Payout: 1,966,001.36 - 2,111,597.48 = (145,596.12)
As we can see we are still falling a bit short of supporting the dividend on the royalty. (Not taking into consideration the minimal corporate costs)
Hopefully the new wells going into production become accretive soonish but I expect it more in 2 quarters more than the next Q. I would also like/expect to see oil sit in the $75-80 range rather than the 68ish we are currently sitting at.
If you are investing it this, I strongly encourage a stop-loss or trailing stop-loss. I finally set mine at .425 after getting in at .40, if the price gets up to .50 I will likely up the stop-loss at .44 or .45.
Not trying to be negative, just realistic, overall I'm invested because I'm active, positive on the royalty outlook for the short-medium term, can monitor fairly closely and I feel I can make a solid return here. With a dividend yeild this high there are lots of red flags and everyone should be realistic about your expectations and be aware of what your getting into with this name.