The .14 per share dividend has to be a thorn for the shorts.
1Q 2013 dividend will include a full quarter of cash flow from the Vale AU streams.
What do you think will happen to the 20% dividend when Pascau Lama comes on line?
This company makes money at $6 silver. What happens when we have a quarter or two at all time nominal high AG. What about when silver approaches all time inflation adjusted highs.
Ben Bernanke can rationalize the stock market is not high except in nominal terms why can't investors in silver think similarly. It should be an interesting Silver Wheaton ride the next couple years.
For some reason this stock makes me think of the late Ronald M. Popeil line "Set it and forget it!"
Monetary mayhem and fiscal fiasco don's ya know.
Sometimes manipulators feel that we can prevent the forces of the market from interrupting our convenient manipulations...then reality sets in!
A wise man once said ‘Gentlemen, in applied mathematics, you must describe your unit.’
I like the way Randy Smallwood handled the dividend comment during the conference call.
It is what it is. SLW's costs will be less than 20% of cash flow in almost all situations.
80% of cash flow is plenty to take care of costs and growth/reinvestment.
I would have liked to see him reconsider the retention of metal more positively....certainly in some environments.
It is not that complicated. Keep the metal you are entitled to until the price is right to part with it.
Especially when delivery/payments occur during a spike down market.
There is a balance between withholding metal from the market and not having your pockets picked.
Doesnt SLW with these new silver contracts control enough supply to control silver prices to some extent ? Id love for them to withhold silver. Silver in SLWs hands is better than cash in the bank nowadays. Looking forward to their next deal.