MTA silver exposureI think what metalla is achieving for a smaller and newer royalty company is impressive. They still have a lot of work to go before I consider them to be established name and a low risk investment. But that is what brings us all here, the view to see them grow in to an established industry name. I hold a small position in mta and plan to add to it over the years.
This all said and done, I think that they have far too much exposure to silver. We can see this in the reduced dividend yield for the next three months. Silver is down ~9% and the dividend was cut ~33%. The new streams coming on line in the near term future for mta are silver based as well. This large exposure to silver is detrimental.
I am not upset about the dividend yield, nor am I upset about the fact they have silver streams coming online. I just think for this company to thrive they need active gold streams and royalties. And they should be pursuing these actively.