Maybe they are both the same statement Balance - after all, management and directors are shareholders. Who's to say that all shareholders are created equal?
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Actually an incredible result,given it was just last year we had to right off 100 million. The dividend at 6 cents is now greater than the former 5 cents when the SP ranged from 1-50 to 1-75,and on the stronge position and cash flow there is no reason why this dividend can not be maintained well nto the future. So to hell with the SP just keep the holding for the best yield on the market,with a good degree of certainty that the dividend will be as good in coming years.
All we need now is less talk and get on with some exploration.
Up 3 and not even a peep on ST.
Good Oil presentation yesterday and Indonesian Kisaran drilling is still 'imminent', 2 wells 'in next few months'. It was imminent back in February and March this year as well.
But what the heck does this mean: "Conventional targets and unconventional possibilities".
Maybe you had to be there.
As Buffalo Springfield said 'There's something happening here..'
Strange that when the price is rising one poster goes into hibernation.
My calculation of the Gross dividend yield is 9.4% based on 6cps fully imputed on today's SP of 89 cents.
With PRC out of the way, NTA of 90.3cps, plenty of $$$ in the bank and a few "irons in the fire" NZO seems like a pretty attractive proposition to me.
Am I missing something?
12 month high - where are the doom/gloom merchants now?
Eating a meal of mushrooms???
:p