I believe it's "UP TO" 25% of free cash flow.
So they can pay out less than that and still not admit that SH have been gypped.
Hold the cash as a giant cushion to buffer the inevitable downturn in IO price.
Subsidize the biggest SH, while dividends are cut.
All power to the Mother Ship!
Pellet Price, page-770
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Last
38.0¢ |
Change
0.005(1.33%) |
Mkt cap ! $439.7M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.5¢ | 37.5¢ | $355.7K | 937.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 544218 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 123877 | 7 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| GRR (ASX) Chart |