Post by
javaman12 on Nov 27, 2020 1:41pm
RE:Would you retire with 25% dividend?
RPM. My personal goal is still 500,000 shares. For the working poor, like myself, I do feel that this is a more acceptable goal. I'll take a $10K to $25K annual dividend. That will help provide for the sustenance of my more limited and cost efficient life style.
I do like your enthusiam! But the share price is currently trading, a lot higher, than the 5 cents purchases, that a lot of the longer term share holders, have previously made.
I was lucky to get invested early at 7 cents! And I did continue to buy above the 20 cent level. But because of the recent sell-off, my goal, is now, still a reasonable expectation to have.
In any event, it's good to be invested in a company, with still, so much remaining upside potential.
Everyone should also remember, that the Abcourt mill is located within a reasonable trucking distance from the Fenelon deposit. That deposit's much wider and better grades makes shipping it to the Abcourt mill, an extremely valuable and rewarding prospect for all!
Be it, for mining Abcourt ore, for leasing or toll milling, this mill offers shareholders great value for many different reasons. And also because of its acquisition potential, this company represents extremely good value at the present price and seems to offer limited downside risk.
The dividend prospects are another purchase enticement, in addition to the capital gains. It's like having the gravy on your potatoes or the ice cream on your pie or cake. The amount to be consumed depends upon your appetite and the amount that you can afford to eat!
In the future, all of us will party, all we want! But we will choose to do it, in many different ways!
All the best! Java
Comment by
rpm111 on Nov 27, 2020 4:42pm
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