RE:RE:RE:Stock should be on Fire!!Gaius,
I agree with you on the dividends...
As someone who has invested more than a decade in Canadian junior mining stock, I have come to the conclusion only to invest in mining stock that pay dividend in the near term.
The investment model for retail in Canadian junior mining stock is dead since you have the shorters given free hand by the authorities to destroy solid companies and you have the financing houses also allowed to bleed out the same companies. I do not support investing in that space with those fundamentals....
Nowadays you can be lucky and pick the right one at the right price, but ultimately the long term play with any of those stock is a waste of time...the same money can be made otherwise with less hassle...
One way a successful junior mining company can be different is to pay dividend, for example with the BOD clearly stating upfront that X% of each yearly profit will be paid back to the shareholders; any substantial profit increases to be paid as one time dividend payments that will be assessed once a year.
If you announce this upfront, you will send a very clear message and provide a strong support to the share price. Message being, if the company is doing well, shareholders will be rewarded without any if's or other excuses.
Today, there are only a few going down this path. Mostly because most exec's don't own shares and allow the company to bleed out to pay their ridiculous salary on the backs of the shareholders. Another reason why I never buy stock of a mining company where the CEO does not have a large holding.
With the projections on cash creation / profit given by management themselves, once the Korean mine is running smoothly I see no excuse for company not to initiate the payment of dividends; shareholders should also be rightly demanding it when the time comes.
Of course we will have the Plansee fraction (if they truely want to takeover the whole thing in the nearer term) trying to keep the money in the bank...why pay to others if you can keep the whole cash?!
It will definetly be interesting to see if Almonty also become leaders / shining examples in this regard or act like most junior mining (mid-tier) mining companies in considering shareholders as a burden who are to be sc***ed with at every given opportunity (certainly not implying they are acting this way today; till today the opposite is the case)
As said before Management have set amazing fundamentals for the company, now they need to do the same for the shareholders. I am confident that we will see that day come.