The company will not crumble ! pleeze dont write such nonsense. I'm certain the Board, Dale, Brian and all will take it cautiously and could at first [2023] announce a very modest dividend that will be very manageable. A simultaneous share-buy-back on the cards.
But it isnt hard to imagine all the other expansion possibilities that could be chosen instead. I'm sure a case could be made to takeover a wannabee, or diversify to other metals or build a battery chemical processing plant, even as jv with other Auzzie miners.
A lot of holders have large numbers of shares, and even a 5cent div will yield many folks a reasonable amount of cash.
Ann: FY22 Annual Financial Results Announcement, page-109
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Last
$2.99 |
Change
0.010(0.34%) |
Mkt cap ! $9.000B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.01 | $2.89 | $104.7M | 35.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11874 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 65336 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |