Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
If I was the CEO or CFO I would be pressing for a halt to dividends and when the current position develops for the better, I wouldthem pay a special dividend to clear surplus cash out of the balance sheet. Or alternatively, begin a share buy back. But the dividend should be cancelled.
A1. If you had a pension fund, in UK you bought an annuity, the rate is fixed. If you have an investment, your investment is better protected keeping the company going. Not paying an ill timed dividend.
For me, a share price of 20p, I hope, would make me wealthier in 12 months time. I see it going back up, albeit, not to 70p. Double your money in 12 months is achievable if the markets react to the stimulus and we get a vaccine that works. The world powers are working on that and I have confidence that will be the case. In the interim, this is still going down, no upside data out there.