Just for record I went back and relistened to AL and what she said about dividends. At very best it was neutralJust away to apease people who wanted it.
Here is a chart of Cash flow for Lynas Please explain how they could pay even a 25 cent /yr dividend and not have cash flow problems
0.25 X 933 million shares is $200. Do you realy think they could pay that for 4 or 5 years. Lowering or cancelling a dividend usually cause a steep decline in SP i guess they could pay a dividend then sell more stock to cover it but does that make sense to you? In one year cash on hand has dropped AU$ 500M if we take out stock sales and JARE loan forgiveness.
Ann: Quarterly Activities Report, page-41
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Last
$6.66 |
Change
0.030(0.45%) |
Mkt cap ! $6.225B | |||
| Open | High | Low | Value | Volume |
| $6.65 | $6.69 | $6.60 | $20.72M | 3.111M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7060 | $6.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.67 | 15123 | 2 |
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| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$6.67 |
Change
0.030 ( 0.27 %) |
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| Open | High | Low | Volume | ||
| $6.64 | $6.69 | $6.61 | 979499 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| LYC (ASX) Chart |