If you are in a junior mining co you should be grateful that you have a dividend, there is not many out there paying dividends..i personally prefer management hoarding cash for a raining day or to keep the business alive when there was a bloodbath with the iron ore price. i had 100% faith that grange would get through that period comfortably and it did..yes the share price was not doing so well due to the whole sector however was not reflective of the actual business valuation.
Right now we are in a period of recovery/re-rate and with a bit of a dip everyone is up in arms..this is something i would expect from day traders not people who are investing long term.
We have a guaranteed business for the next 30+ years and another mine sitting idle waiting to come online when the time is right..be patient
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