regardless. Loan is fully drawn at $200m with balance of cash and buillion at $150M. Taba and Agbaou and exploration capex for 2013 north of $200M......So, for 2013, need to allocate 100% of cash flow and some portion of cash balances to capex. And then in 2014 on probably need to allocate 100% to Hounde.
So regardless of whether divy is good or bad, it would seem no room for a sustained policy for a few years.