Post by
jrj90620 on Mar 31, 2021 4:46am
China Gold announces earnings and first dividend
Never expected a dividend.Good news.
https://seekingalpha.com/pr/18252600-china-gold-international-resources-reports-2020-year-end-results-provides-2021-outlook-and
Comment by
bpat on Mar 31, 2021 3:28pm
It is great news and fantastic financials. I did think the share price would have seen a bigger bump today though, unfortunate. I saw the forecast for next year called for roughly the same production of gold and copper, so it's hard to see this going much higher.
Comment by
jrj90620 on Mar 31, 2021 6:40pm
Was also surprised at stock not doing better and the low volume.Price now dependent on gold and copper prices.Doug Casey is super bullish on all commodities.Says that they are about as cheap as they've ever been,compared to other investments.Casey is also a Bitcoin investor,but likes cheap gold and commodity stocks better.So,when gold gets going,CGG will rise.
Comment by
bpat on Mar 31, 2021 9:40pm
Dividends will be paid out to shareholders of record as of 4/20, tell me that wasn't done on purpose :)
Comment by
jrj90620 on Apr 01, 2021 8:18pm
Don't understand.For what purpose?
Comment by
bpat on Apr 05, 2021 10:19am
No purpose, was just making a 420 joke. Surprised this is not moving up more, that's a nice dividend. I can see this going up before April 20 and then dropping after, isn't that how stocks typically react to dividend dates?