I'm not worried too much about the dividend at this stage - if it is in fact cancelled as I think the retained profits are better used to drive growth. Once growth is established then consider dividends, but as I see it this is a 'young' company in segments of the market that can generate good operating margins and requires little to be spent on maintenance of assets.
Still have to prove themselves - but will likely start to hit the radar of people who have not followed the story so far when they see the 1200%+ increase in profits and revenues - we expected it as we followed the news early but I think now interest might be taken from others.
I view this stock similar to a new IPO of a profitable company and see great potential leverage in the 2008 options - if they deliver on profits projected that is.
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FCO
farsands solutions limited
I'm not worried too much about the dividend at this stage - if...
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