My base case is DPS will be 12c to 14c (max).
The business does not need to pay overs but does need to invest in Carbon Neutral Fund and inevitable Iris Energy placement/CR.
ln a couple of years time, few will focus on the dividend and most on the health and growth of the business.
2 years will pass in the blink of an eye, but the rebound in profitability has the potential to last a long time and take the DPS up along with it.
Patience grasshoppers.
GLTASH
Ann: Funds Under Management - November 2022, page-20
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