APAC is a careful operator with strong expertise in multiple areas of the mining industry. They have also a huge pile of cash in Mount Gibson. And even if Mount Gibson need a new mine, they don't buy anything yet. Because in value investing, price is an important factor. And cash and liquid assets too.
Dividends mainly have a psychological aspect, which matters to weak hands. Share buybacks at low prices are much more relevant, but only if the price is right.
I'm very happy with Brett Smith and APAC management. They did a great job and help a lot the company in 2020 or 2021 with a loan. I've already made a lot of money with MLX. Which is the most important goal.
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