Is it just me or did management come across non-committal in terms of steadfastly maintaining .50 annual for the foreseeable future? Obviously only if FCF supports it.
75M yr. might come in very handy with PMs sliding towards a precipice to weather the current commodity correction.
Don't know which poison the company will go with in this situation? Pull the divi and add additional financial flex & strength to possibly acquire a cash weak or under funded miner "at a bargain price for a change" or keep doling out cash to shareholders while the PPS languishes near lows?
Tough call from both management's and shareholders perspectives.
PS, the good news is with falling prices, asset bargains always surface to be scooped up by the stronger players searching for future growth.