price expectation, page-7

"TRY would be very foolish to pay a dividend in the current market conditions and in the light of their loan and funding requirements for Guyana."

Sort of agree with you, personally I would not hold it against TRY for not paying a dividend for that reason.

However, TRY are very proud for the fact they have paid conservative dividends over the last 12-13 years, in one years they delayed paying a dividend while getting casposo up and running but ended up paying a dividend before the FY end.

Possible TRY will pay a small dividend to maintain the track record, remember that we have the divided reinvestment scheme so a lot of it would go back as equity