GREY:WFREF - Post by User
Post by
rbronteon Nov 08, 2013 6:29pm
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Post# 21890512
Sprott
SprottI suspect that the announcement of the dividend is a result of Sprott's need for cash flow. A quick look at their financials shows that they are in need of an ongoing source of income. 20,000,000 + shares equates to over $670,000 a month to Sprott. I bet Sprott would have preferred to use the dividend money to build the company faster. So for now, the company will grow at a slower rate, but it will help to solved Sprott's immediate cash flow needs. I would have thought that SCP would be up on the news, but it looks like investors didn't recieve the news very well either. Regardless of the dividend, I am happy to hold my shares of LRE. It is making money and growing, which is good recipe for a solid investment. I appreicate all the comments that are posted here. You appear to be well informed and respectful of each other. Thanks you!