RE:RE:Serious Question on Free cash flowLet me phrase it another way, what is their free cash flow assuming they stopped growth projects - would it be enough to cover maintenance capex + the dividend? Just hard to figure this out because management's estimate of maintenance capex is MUCH lower than IFRS depreciation which is supposed to factor in useful life.
Growth for the sake of growth only benefits the bankers, smart growth is what is needed to grow equity value. Not saying that isn't the case here but a decade long streak of negative free cash flow is concerning. Many, many companies that grow still have free cash flow before payments to shareholders.