Golden Energy and Resources has reported earnings of US$171 million for 2HFY2021 ended Dec 2021, up 113.2% y-o-y.
Golden Energy and Resources shares plunged as much as 3.5 cents, or 9.46% this morning, even though the miner reported record earnings last week.
Despite the record numbers for both the topline and bottomline, the miner does not plan to give a dividend, reasoning, instead, the resources should be channeled to fund new acquisitions.
