well done beards, page-52

re: revised dividends. Hi Ghosta.

Paying divies on first year of operation is a bit of a gamble in my books. I'd rather see the company stock up their bank for that rainy day, or do some mega aggressive drilling, or look for EPS positive acquisitions. It's in a growth phase!

Paying divies so early suggests to me that they would have run out of ideas on how to grow the company.

I'd like to see divies once they have built up their kitty . I'm talking about over and above the $30-50m they should have in the bank for the rainy day.

OK maybe a small divy in the first year to reward the long termers is ok. :-)