Yes !I was at the meeting and the background explained was when they looked at their peers RMS were on the cusp .
ie. All smaller gold producers didn't divi , almost all larger did .(Haven't checked but that was the rationale as explained .)
Got the impression it was done a little reluctantly to try and keep the market a little happier .
They are milling a lot of oz's now so there will be pressure to replace to maintain 5 year reserve .
Also if they do have any big purchases or big dev. spends and the cash balance falls below $50 mill they have another reason not to pay .
The sort of measured approach you'd expect from them .
Divi likely in 12 mnths but not assured .
Ann: Dividend Policy, page-15
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