Took advantage of the selloff to bring my $ARG position to 1,988 shares at an average cost of $8.43 👍🏻 This copper producer had a strong balance sheet and friendly shareholder return policy. Any cash deemed surplus above a defined threshold is “skimmed off” in the form of Performance Dividends on what appears to be on a quarterly basis. Unlike many copper producers or developers, they are not saddled with high CAPEX demands. In 2026, 3 Performance Dividends were declared. The latest & largest will be paid Oct 14 for 0.21/share. 💥💥That brings the PDs to 0.55/share. The regular Quarterly Dividend is 0.02/share or 0.16 annually. Their model reminds me of the old $TOU Tourmaline Oil Variable Dividend Model 👍🏻 However, copper prices are holding up very well compared to NatGas 😵💫😵💫 If you believe copper demand will continue with looming shortages in the next few years, this may be a less volatile way to invest in the space. You get a nice return while you wait for further capital appreciation 👍🏻 With a share price of 8.19, the yield is 8.67% based on the PDs and Quarterlies 👏. Hence you get income and opportunities to participate in future growth This is my way of dipping my toe into the Copper waters. Anyone else liking the CU space?
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3 Comments
Jessica @crowsnestjess · 5d
I have 1/3 of the shares you have but average $5.37. I like this one!
Edmund Fong@albertacrude · 5d
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