Fortitude Gold Corp (FTCO)

[Neverhadawinner]

JSC,

Happy for your gain and that you are happy with what you got. No complaints like I should have bought more. Pleasing to hear greed does have limits.

My thought is why the slow move upward. This stock (with $36 million in cash on hand) has not moved faster. Right now at a price of $8.90 they are paying over 4 percent per year in cash. The ten year US Treasury is below 1.6%. Most dividend paying stocks are a 2%.

A 36 cent per year dividend costs FTCO $9 million with about 25 million in shares outstanding. At that rate they can cover this dividend for over four years and still expand the mining operations. Only if they start to issue stock (as GORO did) will this train stop.

I believe Jason and the rest of the old GORO executives learned a very important lesson at GORO: Stock dilution is not ever a good idea unless it is a positive stock split. And that should not happen for a very long time.