TSXV:SLX.P - Post by User
Comment by
SilverInMyPantson Jan 03, 2011 1:43pm
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Post# 17918646
RE: RE: The point is this: $1
RE: RE: The point is this: $1When they are paying out their profits as dividends, that's when it will become all about the profits to me. That is a long long way off; we won't see it until silver is well into three figures and they are done expanding. It may never happen. Until it does, the profits SLX makes are only relevant to a shareholder insofar as they guide the market into valuing the price of a share. Until then, the only way my investment will show value is in a rising share price.
Listing on AIM and marketing the share effectively to achieve a 200% re-rating to achieve equivalence with how much interest the market is currently paying Arian - that is the end of the story in terms of how you as a shareholder are going to see any increased value for the foreseeable future. And since they are going to have to come up with approaching $200 million to build this open pit mine which is going to generate all those profits, and since it is not beyond the realms of possibility that there may be a degree of equity dilution involved in raising the funding for the mine, unless you are indifferent to how thinly the eventual theoretical dividend may be spread amongst the shareholders, it is all about raising the frigging share price.