RE:I love the discipline of the KL shareholders today!Goldbug52 wrote: With the imminent production report, no one is selling. Volumes on both the TSX and NYSE are downright miniscule! It seems everyone knows a good report is coming.
All you have to do to see what is in store is look at Yamana's share price after their production and dividend raise today; 5% + move up!
Apropos the dividend increase. We need to see one! There has been much discussion previously on this board about the virtues of a divi raise versus stock buy-backs. Just think about it! Would you rather have $0.50 per share dividend in your pocket quarterly for two years straight or have KL buy back 20 million shares equating to maybe 5 or 6 cents extra profit per qtr? I don't think any individual or institution would care if KL's profit was $0.75 or $0.80, but everyone would love to see 2 bucks per year in their pocket from holding shares!
I got that $2 per share, for two years, from the amount KL had to spend on a share buy-backs of 20 million!
when do you expect the production report? I got KL in the 70s and not like will break even in the short term. fortunately i loadup on YRI yesterday to kind of even with KL.