It’s always better for a company to get well established before giving shareholders a piece of the pie so to speak.
Using that money to move into phase 2 and/or develop in another aspect of the companies growth will be much more financially rewarding for shareholders imo.
Personally I’d prefer a doubling of production over a 5% dividend payout.
CXO SP rerate is due soon, page-39
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Last
9.3¢ |
Change
-0.007(7.00%) |
Mkt cap ! $198.7M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 9.2¢ | $2.498M | 26.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 323514 | 9.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.4¢ | 483232 | 6 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |