Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (15563)	12/8/2002 11:43:41 AM
From: Ed Ajootian	Read Replies (1) \| Respond to of 206394

Kastel, AVN.U TSX -- Thanks for the tip, I looked at Advantage and may do something with it. Since I'm in US its a hassle to buy Canadian stuff, but I do have an account for that purpose and have used it before. I'm impressed by their yield but I wonder if it is somewhat justified since they are planning to spend more than their income for next year. From what I can gather (from about 20 minutes of "study"), $80 M cash flow, $40 M cap ex, $60 M of distributions, so they're really just borrowing from the bank to make those last $20 M of distributions. (All figures are in C$). What this means to me is that the yield would need to be pretty high because there is a "return of capital" built in to next year's budget.