how much dividend?, page-7

Good posting as usual Chuk. However, I do have doubts about when and indeed whether SLR will pay divs on two accounts. One, the board has consistently said it is against the idea of divs as it can add more shareholder value by using excess cash for exploration. Two, I have the feeling that the board have set their sights on developing SLR into a very large company. Les said to me once that he is an unashamed fan of the business model and the guys running RRL and I think further acquisitions are more likely than divs. I may be totally wrong about this but am comforted by the fact that either way we win. Perhaps down the track they might even have a crack at Ramelius which is on a PE of just 3.25.
Cheers