RE:RE:Canadian mining company Nevsun defending itself against ...Why not just pay it out if they are not going to invest for like few years. No respect for shareholder. They do not care at all. Pay out at least some of it. Crazy
Crazy? - No, your post was crazy.
Nevsun is paying a dividend and is therefore returning some money to shareholders.
Running out of cash is the single biggest problem for miners in a downturn.
In a downturn, a miner who runs out of cash becomes a prime candidate for bankruptcy or massive shareholder dilution.
Nevsun is blessed to have a cash hoard.
It gives the company enhanced flexibility going forward.
Once the zinc circuit is commissioned and running smoothly I expect management to look for opportunities to increase shareholder value; these opprtunities could be either internal or external.