Fortitude Gold Corp (FTCO)

[KansasCrude]

Yes I am familiar with the drip program. I am a Schwab customer and they don't make the Drips part of their package relative to FTCO. Their commission is low enough and my position in FTCO is significant enough that reinvesting is not a big deal relative to re-investing divvies.. I have re-invested almost all of my divvies here so far. My issues are even with the re-investment my gain on FTCO is nada relative to the IPO from GORO along with all the divvies being reinvested along with additional capital is ZERO
For whatever reasons even with all the assets rolled into FTCO the gain is NADA.. That includes all the cash they have added as part of profits from selling the gold and silver. We shareholders have received no net profits for our investment. Meanwhile we do have to pay taxes on the divvies. So up to this point we are paying income taxes (divvies) on no net gain on our investment.. My point is perhaps its time to deploy the massive amount of cash to reward shareholders or shrink the share count by buying back shares (my preference) that we can hopefully get some capital gains due to a higher stock price.. Based on the great job they are doing in producing as well as the excellent cost per oz. produced. Last I checked they have the best mine in the country based on Open Pit Grades. If they buy back shares then we have the option of divvie increases due to fewer shares and or a better a P/E that grows the stock price. I'm at retirement age I appreciate the income but capital gains are of more value as I still have some previously held shares that I have capital losses from (GORO). So while divvies are great gains are also appreciated. Again Congrats to the Mgmt Team. for very good results. Please keep it up!