OTCPK:TNGZF - Post by User
Comment by
maniacon Dec 10, 2015 10:06pm
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Post# 24375446
RE:RE:RE:RE:Grenville Completes CDN$9.6 Million in Three New Royalty Inv
RE:RE:RE:RE:Grenville Completes CDN$9.6 Million in Three New Royalty InvBasically with the new royalties i calculate they are now covering their dividend and then some.
Using back of the envelope calculations as follows:
57000000*25%/4= $3 562 500 Revenue per quarter. Lets take an 80%payout ratio =$2,850,000
subtract quarterly dividend of $1,738,118
subtract quarterly expenses of $715,000
you get left over cash of approx $396,882/quarter
So i think it is very likely they increase the divi in 2016.
let me know if i am wrong.