did you happen to watch the recent interview with WB on Money of Mine?
it was one of the main questions the boys hit him with: investors want clarification if they planned on cap raising/share dilution.
Wayne clearly stated no and the company would continue to cash build and focus on drilling and development on pits already in the WGX portfolio.
it would want to be a 'too good to refuse' takeover offer to go against the existing holders now IMO
For what it's worth, I believe all mid-top tier miners should be paying out a percentage of profits to shareholders. reserves don't last forever, or even for the inferred lifespan for some companies who only have a small window of profitability to reward investors..
otherwise, wheres the incentive to allocate my funds in a (limited life) profitable business model that will only show me a return if another investor is happy to not be rewarded in profit share?
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