Post by
james2001 on Oct 05, 2021 9:27pm
Re re interest Fish
Fish is a royalty company and expected to pay a royalty.Mako is a junior which most of the time proves a resource in order to sell to a larger entity.This company has a very unique property with extremely low aisc and able to have free cash flow in year 1 after debt repayment and covering costs of an extensive drilling program.Show me a comparable to this unique junior in that every ounce can be trucked to mine site regardless of where found on property without blowing out aisc.A junior paying out a dividend in year one of production may turn some heads and give a bit more traction for the share price value.
Comment by
Method on Oct 05, 2021 10:53pm
it might but that's just a different choice of signal. They can try the buyback first since the return on buys around here have an immediate return of over 100% and then pay a dividend later when it will be bigger with less shares outstanding.
Comment by
stkstroker on Oct 06, 2021 11:41am
Method - do you think after the buy back a modest consolidation would be in order? Not 20 / 1 but maybe 3 / 1 or 5 / 1 max? Then move to a dividend policy. I would hold my shares forever if that was the case.
Comment by
barrywhit on Oct 06, 2021 11:51am
stkstroker, Why do both, just a share consolidation at 5:1 would give us about 150million share fully diluted that would be acceptable, why have a buy back. use the money to pay off debt and speed up the enlarged resource...
Comment by
stkstroker on Oct 06, 2021 12:59pm
I totally agree. I just think the decision has already been made.
Comment by
Method on Oct 06, 2021 5:54pm
makes sense to do a rollback in conjunction with up listing to the TSX. Would be nice to be marginable. Dividends after that also makes sense.