Comment by matt2018on Dec 31, 2023 10:57am
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Post# 35805620
RE:Dividend Resuming ?
RE:Dividend Resuming ?great info nozz, thanks for sharing it all.
Maybe once the production gets to 240,000 oz/yr and gold price is holding strong, divs are a possibility.
Dont believe the Goldfields div depends on taking money out of Gau as they have been paying it while they have let the cash pile up on the Asanko balance sheet for awhile now.
The current Gau management team was previously with ELD Gold so I believe they will use the cash to grow the companies market cap.
If you read the Goldfields news release on the transaction, they speak about a possible Gau financing changing some of the payment details of the deal so that tells me that one was discussed.
Maybe they already have an acquisition in mind or plan on making one in the near future.
Just guessing here.