An inefficiently priced stock. Their acquired Newmont shares are worth $1.60 of which $1.20 is going out as dividend. They still have good properties in Ghana and Newfoundland.
(A top pick September 16/03. Up 3 1/2%.) A very safe stock. Basically you’re going to get a $1.20 dividend and you'll be left with a well cashed up company with good management and interesting properties in Newfoundland and Ghana.
Have just sold their key property to Newmont Mining. $1.20 will be a dividend to shareholders. The balance is what the market feels their exploration value is. Fairly valued.