Nevsun Resources and Reservoir Minerals Combine

Written by MrStockFox. Posted in Trade Ideas

Yesterday I received some positive news.  One of my largest positions in the mining sector received a takeover offer from Nevson Resources.  You can read about the news here:

What I like about this company is that they are one of the few mining companies in the world that thas not cut their dividend.  Currently the company pays out .16 per share with an almost 5% yield.  Once my shares in Reservoir Minerals have been exchanged for Nevson I will now hold 5888 shares in the new company increasing my annual dividends by $942.08.  This will also increase the Market Value of my dividend portfolio by almost $20,000.

Once this downtrend is broken to the upside we should see a retest of the old highs.