RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Dividend....I agree. In the end a resource company eats up the reason it exists by producing metal. So I also feel the need for a dividend. The risk to either end up with a company that goes broke during a downturn or ends up with nothing left in the mine after spending everything it got, is too big with most mining companies.
However I couldn't be more happy with EDV. I'm +450% and don't plan selling. This company saves my portfolio. The way they're excecuting everything without bumps in the road is amazing. Considering the low AISC on their mines, I do consider it logic to postpone any dividends. It would be different if the pipeline on projects would be less impressive.
I would even more prefer no dividend, but them turning the cash into buying royalties and positions in other companies. They got more expertise then I'll ever have. But I doubt I'll ever find a company like that.
Calgary_AB wrote: The problem is a company's life could be 500 years and 3 more years don't matter as much, in my life every year matters... why not grow slower and pay a dividend while growing?
By the time they built Kalana, they have to either buy another project or do something with the 2 oldest mines... there will be forever chasing the next goal...
kkkrrr wrote:
they will start paying a dividend after ITY CIL or Kalana is built ... i'am sure about this.
first they have to reach theit goals.. ITY CIL and Kalana + 10 years mine-life at every mine ...
if you look at their presentation you can see they want grow further even after Kalana....