Will there ba a dividend, page-70

My concern isnt the short term share price its the underlying business. They need to reduce their operating costs they are too vulnerable to a downturn. The UG project reduces the mining cost per tonne thats really important to them. They also need to trim their costs elsewhere to get their cost of production down enough to ride the cycle.
Personally i would prefer them not to pay a dividend at all and to keep the money to re invest and/or buffer their balance sheet to a downturn until they are in a stronger position.
I sold out late last year and i want to buy back in but am concerned so waiting and watching.