I would like JW to be reminded that our Dividend Policy is 50-80% of Profit.
Last year we were paid less than 50% to finance his Cap Ex, so this year should be paying more than 80% to get the Policy back on track.
IMO if JW thinks that SH's will settle for less than dividend Policy year after year then that is what we'll get from him and he will spend the difference, no problem at all.
Price of Iron Ore, page-1647
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