The hope is that the total return for shareholders will ultimately be greater if they don’t pay a dividend at this stage but instead keep their powder dry to (a) spend on items that should enhance shareholder value and (b) keep a decent cash cushion to strengthen their hand as they negotiate the Galeota farm-down.
clearly remains unconvinced that anything of interest to it is happening here within the kind of timeframe that it likes, no matter how hard some BB posters try to convince it otherwise. This arguably presents an opportunity for more patient investors.