Ann: Quarterly Report December 2015, page-39

I agree CPDLC - there is no need to be in a hurry to develop Bananghilig if the margins aren't there.

Those don't you feel that this statement in itself may reduce the need for an excessively large cash pile?

That said, on the dividend front, I feel like the situation is quite different from 2011.

In 2011 a US$19.0m dividend gave MML a 1.6% dividend yield.

In 2016 a US$2.9m dividend will give MML a 4.9% dividend yield!

A LOT more bang for your buck