They are paying a dividend to attract institutions with mandates only to invest in companies that pay annual dividends. This move to pay a dividend will get them on a lot more radars.
Also they are saying to the market that not only are we fully funded through to Kupe commencement, but we can afford to pay a dividend on top. Great signal.
A lot more legs in this yet.
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They are paying a dividend to attract institutions with mandates...
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