TSX:LSG.DB - Post by User
Comment by
goldhappyon Mar 06, 2013 9:34am
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Post# 21086194
RE: RE: RE: Dividend?
RE: RE: RE: Dividend? What you say has much merit Yoda2 and I rated the comment a 5. The flip side of the coin that should be considered is the possible dividend payment. How and Why?? Working with current grade and gold price the work at the company is getting done. Throwing more money around to speed it up did not work. We are waiting for 100,000 oz many years late from the original projections. I want the share price to go up or a dividend. If they spend all the income expanding there are some folks that will never see an exit point. A 60 cent share paying 10 per cent would cost very little 24 million. It will help draw positive interest for LSG. People will get a payment while we wait and encourage long term investment. If a sudden hostile take over company moves on LSG I do not want it sold cheap! A special dividend fund could be sitting on the side line ready to give the shareholder as a poison pill. That answers my WHY? Now for HOW to fund? To pay for this dividend a special fund could be set up for earning higher than expected gold prices. The kitty could accept funds if the mine grade is higher than expectations. Just some thoughts for discussion.