I dont agree that they Stam/Sandon to abandon growth entirely... but I do agree that management want to abandon Dividends entirely unless they are held to account... Imagine if they purchase another Who Dat and we get the same performance so far. Imagine more debt and OIl dropping to $60bbl. Everyone seems to forget how quickly things can change in the global oil game. Talk of $100-$200 oil is baloney.
I was discussing with a fellow holder recently before all this started and nominated .07c div......right in the middle of your suggested range.
Taking a sensible dividend whilst the money is there is very prudent in my view... It won't always be there to take.
Latest Sandon letter to Holders., page-3
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