This is my take on the dividend argument.
First of all, forget it. The board has no intention of giving shareholders any money.
Why?
Simples. They will always keep a cash buffer to ensure they can keep on going and going …. milking us for as long as they can.
There will be no risk taking on their part regarding exploration.
They will not budge unless a rich prospect puts up the cash for a JV.
Good luck with that happening.
The market says no.
Simples.
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