Pellet Price Tracking, page-459

Unfortunately I have contacted the board, as have others on here to congratulate them for the higher dividend and they have responded by confirming there will be a paltry 25% dividend payout ratio going forward. Whilst it's great that earnings are high, investors simply deserve more. Whether you are looking for capital gains or income in this stock you would want the payout ratio to increase to at least 50%, especially when there are record cash buffers and record cash profits. At this rate it's more likely the board will pay around 12c per annum in regular dividends and that is only if IO stays at these near record levels.

Someone on here a while ago was going to petition the board to increase dividends to 50%. I believe they were looking for 100 signatures. It would be nice to see another initiative like that.

Also I know Whisky etc will say I am being too greedy and just be happy with my $10m profit but the reality is the share price will double if they improve their policy. I'd like to make $20m if I can.