Paying a maiden dividend, during financially uncertain times,...

Paying a maiden dividend, during financially uncertain times, and just before a possible contract for a major project like Gorgon with all the expenses that would involve, would be a silly thing to do, IMHO.

The decision not to pay a divvie is a major plus, and the sign of very responsible management.

The rest of the report was also excellent.

Nope - for me, TOX remains one of my major, long-term hold and accumulate stocks, in my super fund.