Dividend at risk ? Forgeting how great Q1 was, and it was great.
And assuming that Q2 is now the norm, and I hope it is not....
Is the 5 cent quarterly divy at risk ? Can Mart afford to pay 5 cents while only earning 1 cent. I know most oil companies pay their dividends from cash flow, not net income, and that is what made MMT so special, at least till now.
Wade said at the AGM, that mart could afford the divy even if Brent was $70, BUT, he did not address the 18% gypsies, tramps and thieves that hang out in country and use AGIP as a cash machine.
Aside from the strong July production numbers (who knows the oil theft tho) and the sept divy, is there any other good news to support the shareholders and stock price ?