Pat I was talking to my fella at Port Hedland. He was once again talking to someone from the inner circle of BCI. He asked him/her about BCI's feelings about future dividends.
The person from BC Iron said:
" We deliberately made provisions to allow for future dividends in the recent announcement. We know that shareholders like their dividends and will be doing our utmost to continue with dividends."
Pat you'd have to think the cash is for M&As such as Mindy Mindy or South America.
Also, a massive thanks to my mate at Port Hedland for all the information during the year such as BCI ships departing Port Hedland etc.
cash position end of year, page-3
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