RE:RE:RE:WDO 2021 Q4 and full year productionI bought WDO when it handed out the one and only one dividend decade ago.
The debate of dividend or re-invest is a on-going pet discussion among the investors. Looking back, the Kiena re-open did not raise any capital or borrow any money was due to the cashflow. If we think bigger mill will be needed, the cashflow can avoid any dilution. Compare the outstanding shares to some miners growing from the small producer to mid-tier:Kinross is 1.2B, Yamana 0.9B. WDO is perserving the value. It can go to 0.5B shares with the price of $4/$5.
Duncan has soften his tone on dividend. I belive when Kiena in full production and the future capex is firmed up, we may see some token dividend like 10 cents.