The 0 dividend isn't due to profitability, it's because they are building up cash for McPhillamys.... it cost money to build a mine and you either borrow it or save.
They point blank state that as well.
I'm not saying their financials are sparkling, but 80% of the problem here might just be investors not understanding accounting statements.
Ann: Full Year Results FY2023 Presentation, page-11
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$2.65 |
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