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TDG Gold Corp T.TDG.DB


Primary Symbol: V.TDG

TDG Gold Corp. is a mineral tenure holder in the Toodoggone Production Corridor of north-central British Columbia, Canada. The Toodoggone Production Corridor has over 23,000 hectares of brownfield and greenfield exploration opportunities. Its flagship projects are the former producing, high-grade gold-silver Shasta and Baker mines. The Baker-Shasta property covers just over 6,000 hectares. Its Oxide Peak project covers 8,490 hectares of prospective exploration ground to the north of and contiguous with Baker Complex. The Oxide Peak provides multiple opportunities for copper-gold porphyry discoveries. Its Mets mining lease is a 200 hectare mining lease, which is accessible by road 23 km northwest of its former producing Baker mine. Its BOT project consists of over 8,600 hectares located approximately 40 kilometers north of its 100% owned Baker-Shasta gold-silver project. Its 100% owned Baker Complex shows potential to host multiple intrusive-related copper-gold-molybdenum porphyries.


TSXV:TDG - Post by User

Comment by griffpon Jun 22, 2015 1:18pm
123 Views
Post# 23855763

RE:RE:RE:TDG - Still Paying Dividend

RE:RE:RE:TDG - Still Paying DividendCDG has been financially prudent for a long time. Granted, the balance sheet now looks great but what if the rig contract utilization rate ...previous and new bought....does not improve this summer and winter?  Whether I own a new Ferrari is not the question, the issue is whether I can afford to keep it on the road.  If there is a greatly reduced cash flow, (let's wait and see what the next Q has to offer) Trinidad will have do do something to shore up the balance sheet or else the stock price will tank....along with the cap value. Consensus is that the price of oil is not going to move much this year and given the Canelson purchase will potentially wipe out 3/4 of the cash balance, the board will have to deal with the pay-out ratio ---drillers don't stay in business very long paying out all or most of their cash flow.  Issuing stock hasn't been this boards mindset from recollection. So...I honestly don't want a div cut but unless the Saudi's have a drastic change of heart ...I don't remain as confident as most of you who have posted more positive expectations for CDG.
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