The six months accounts show a NP of $28.5m, cashflow of $50.4M & Free Cash of $116.7m.However the dividend is nil-Why? Also I raised the point at the time of the capital raising as to whether there was any need bearing in mind monthly free cashflow is over $5 million. Nothing has been done with the cash & so I can only wonder what is happening & does management have the interests of all shareholders in mind
PEM Price at posting:
54.0¢ Sentiment: None Disclosure: Held