27% dividend??? Was reading top picks of .....Michael Smedley on stockchase.com and this was a top pick- said the following:
"If everything goes right, you will get a 27% dividend yield on this. Towards the end of 2017 this should be a fully operating, first major diamond mine discovery and development in 20 years. It is more than two thirds completed. Expects a dividend will go high because this is controlled by 3 Irish billionaires, and they want a dollar dividend."
Can anybody explain this 27% yeild - Smedley is a very sharp analyst so I assume he knows something!