i noticed they went with the low payout ratio of 50.1% to be conservative.
They are holding on to cash in order to explore, play safe as prices come down, and expand in a down time for prices.
This is sensible management and may lead to a massive payout of divvies if the Iron ore price trends up later in FY22
congrats to all, especially those who got in at single digits.
Potential divy, page-54
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Last
37.3¢ |
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Mkt cap ! $258.7M | |||
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| FEX (ASX) Chart |