Find another like this ... You know, there are probably as many ways to compare one company to another as there are flavors of Kitkat in Japan. For your information, these Japanese have over 300 flavors of Kitkat. From this, we can conclude that there are good and bad ways to compare companies just as there are flavors of Wasabi chocolates. Now that you know all of this, I challenge you to read the following lines and then give me the name of another company which has a similar context to Robex. GOOD LUCK
Beyond the 196,43% increase in Robex's stock price since January 1, what surprises me most concerns the 2 dividends paid in 2020. These dividends are amazing because they are huge and everything indicates that they will continue in the future.
In summary, Robex started the year with a cash flow of $ 13,600,000 and after 2 dividend payments totaling $ 42,469,000 the cash flow is $ 9,400,000. This amounts to saying that Robex used $ 4,200,000 of cash from 2019 revenues while the surplus of $ 38,269,000 comes from revenues obtained in 2020. Considering only this surplus, this $ 38,269,000 represents 41.4% of revenues totals obtained for the first 3 quarters of 2020. IT IS FABULOUS because it is through the efforts invested and the resilience of this management team that we can now benefit from the efficiency of this plant and therefore from the quality of financial results.
THIS IS GREAT because despite these dividends, the maintenance and improvements of the plant have continued, as has the deleveraging and this is not to mention this amount of more than $ 3,000,000 already invested and which allowed us to double mineral resources to extend the life of this mine to 9 years. THIS DRILLING CAMPAIGN IS NOT ENDED and we have already been informed that the budget will be renewed for the next few years.
Considering a stock price of 42 cents, as it is today, this 6 cents dividend represents a passive return of 14.29%. In addition to considering that THE YEAR 2020 IS NOT ENDED, this dividend ensures that I continue to accumulate shares because such a return can quickly replace a salary. You just have to accumulate enough and let the time do its work. In addition, I can assure you that the weakness of Robex's stock price in consideration of its financial results, will quickly become your ally for the time that will be necessary for you to achieve your objective.
Now it's up to you to take up the challenge and try to find something better.