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23:44
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Originally posted by ContraryJ
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. Take a look at the refinance it specifically prohibits a dividend till debt is paid. Even if this condition did not exist take a look at he cash flow. There is 691 M shares. even paying 10M in dividends would leave them short of cash. 10M / 671M = would be a dividend of AUD 0.015. That would be a joke. They are now trying to finance the entire 2025 plan out of operating cash. I think this is a great goal. It also means no dividend till 2025 unless REO prices go way up. Probably more than double to day.
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REO can NOT be a commodity when only 15% of total production is traded on the open mkt and of the 85% contracted sales a large & growing proportion is manufactured to customer specification, particularly as the average purity of oxides continues to increase.
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