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Gold Prospecting
Hard Rock Gold Prospecting
Hard facts on today's small miner.
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<blockquote data-quote="Zengeo" data-source="post: 374104" data-attributes="member: 9979"><p>Most little companies interested in anything like this don't pay dividends on shares anyway. </p><p>You're supposed to make your profit through the share price going up.</p><p></p><p>But yeah, just to stay listed - with all the direct charges and time costs of compliance and reporting requirements - costs in the order of a million dollars a year. Definitely money that could be better spent elsewhere!</p><p></p><p>Private (unlisted) gold miners - and there are a few around Kal - don't wear those overheads so can operate profitably on a smaller scale.</p><p></p><p>Either way it sounds like Greybeard's mate doesn't have much 'time down the track' to work on it. </p><p>Which leaves us to speculate: what's it worth to someone buying in now?</p></blockquote><p></p>
[QUOTE="Zengeo, post: 374104, member: 9979"] Most little companies interested in anything like this don't pay dividends on shares anyway. You're supposed to make your profit through the share price going up. But yeah, just to stay listed - with all the direct charges and time costs of compliance and reporting requirements - costs in the order of a million dollars a year. Definitely money that could be better spent elsewhere! Private (unlisted) gold miners - and there are a few around Kal - don't wear those overheads so can operate profitably on a smaller scale. Either way it sounds like Greybeard's mate doesn't have much 'time down the track' to work on it. Which leaves us to speculate: what's it worth to someone buying in now? [/QUOTE]
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Gold Prospecting
Hard Rock Gold Prospecting
Hard facts on today's small miner.
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