Q: Disappointed B2 Gold shareholder here. I have been extremely patient with B2 Gold but the share price has not rewarded that patience, though the dividend is nice. I am contemplating making a switch to Lundin Gold. What is your opinion of Lundin Gold and, realizing you can't speak to my personal situation, in general would you advocate such a switch?
Thanks as always for your expertise.
Thanks as always for your expertise.
5i Research Answer:
We have posted comments today on BTO; LUG is a bit more expensive (11X vs 8X) and the dividend is lower by about 2 percentage points, but otherwise we see LUG as a superior company and would be very comfortable with a switch. The balance sheet is solid, it is very well-managed and good growth is expected.