Even if the SC weren't an absolute binfire, this company will...

Even if the SC weren't an absolute binfire, this company will not be paying dividends in the next 4-5 years. Too much expansion to undertake which will require reinvestment of cash flow and then some.

To be completely honest dividends would almost be my signal to sell, and a sign that Talga can no longer reinvest cash flows with sufficient ROE. With the blue sky ahead of Talga, provided it doesn't go broke or be smashed into the ground by mismanagement (Mark hasn't been perfect in his leadership, particularly relating to capital allocation) this business should be looking at expansion for the next decade. This = no dividends, at least for five years.