That would be very impressive if the cash was about 200M at the end of the quarter, given the market value of the company is around 307M at todays prices. That would mean it would have a cash banking of about 65% of the share price.
They could easily incease the dividend payments from 1 cent to 2 cents. I think there are about 1,159 million shares on issue. so from my calc's, a 1 cent dividend is around 11.5M.
Wonder when they can afford to pass on some franking credits?
iron pellet prices , page-6
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