Focus on Shareholder Returns and New Exploration in China

$0.03 distribution.

I was expecting a bit more. But they are being conservative,

China New Maiden Prospective Resource,

They declared a maiden Unrisked Prospective Resource in China of 5.9 mmbo.
To get it into perspective, HZN 2P Resources are 5.8 mmbo.
Hence lots of potential upside over the next couple of years.

From the presentation....
It appears that they may have kept cash in the bank to fund additional exploration in the short term.
It appears that "the when" will largely be determined by Rig availability..
It appears that a mid-year distribution is possible.