I’m Back In!I just got my share fill 20,000 which is like 4X my last investment in this personal revenue stream.
Once again everything seems stable to upward looking with this royalty but I awknowlege that it does have a large risk profile based on oil and operator of our limited property base.
Management has indicated we will see an uptick in expected income and a possible dividend increase which to me indicates a $2.3+ million (AUS) payment coming in the next couple weeks. The possible payout increase points to $3+ million, but I don't know if I fully believe that nor would I feel comfortable with the increase unless it's fully covered, rather than continuing to draw down on our piggy bank. I would be more willing to increase the piggy bank holdings to create safety or open options down the road.
Anyway I'm back on board with the longs and will set a wider stop limit for my own safety this time.