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17:50
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Originally posted by Maverick1975:
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Guy, do you seriously expect the Board to commit to a dividend policy years into the future? The precise trajectory of the growth plan is not nailed down, the funding mix to build it is totally unknown, the gold price is unknown. It is simply ridiculous to pin your hopes on some sort of articulation of a dividend policy. Its almost hard to conceive of a company less likely, in this space, to be paying dividends in the next 5 years. And if you think the market would respond by some ill advised declaration by the Board that in 2 years time we will pay a dividend then I believe you are deluded. No one will take it seriously. Try giving a read of the balance sheet a go. SVG has $120m in accumulated losses. It will not be paying ff divs in the net 5 years, thats a virtual certainty.
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Next cap raise is at 5 cents. Those who bought at 20 cents and 15 cents , cry.
