RE:RE:RE:RE:RE:RE:RE:Magna Acquires a producing mine from KGHMA dividend doesn't really work with the lumpy cash flows today. Also, buying back stock first is a far better capital allocation decision than a dividend.
.... Maybe 5 years from now we can get a modest but growing dividend with another couple cash flowing assets like Borborema (like a mini Brookfield Corp but in mining). That said, the discount to NAV should be dealt with first by fixing our flaky shareholder base with meaningful buybacks.
If they can buyback 10% - 20%, insiders take in some stock and we get one or two long term institutional investors to take 5-10% blocks our float will tighten up significantly and I would bet the stock will do well (rather than tread water on good news like we've seen in recent years).