RE:RE:RE:RE:POG Up $14 + already at 9:30 am EST this morning!
Good post Mark!
I have a different view on the issue of no dividends. I don't think the selling is due to anyone recently realizing there is no dividend in the near future - at least until they get smart and change that direction.
"Don't think EDV will be taken seriously by many gold investors until it starts a proper progressive dividend policy."
actually, that is just s small part of it. you need to take "gold" out of that sentence. There are a ton of investors/funds that only invest in dividend paying stocks - and these are not just gold focused investors but want diversification. All of that potential demand isn't there until some dividend is in place.
I've said so many times before, a gold company without a dividend just eats at itself. I understand the need for growth but endless growth without a dividend brings no value. You're right...it's always "after xxx is completed"
Definitely that position (or two) is unloading today. also remember results are next week - they are usually good a not disappointing but perhaps someone has a sniff.
tC