Announced last year - As part of the new CMP, IGO’s Shareholder Returns Policy has been updated, with a target returns range ofbetween 20% and 40% of Underlying Free Cash Flow, when liquidity is below A$1.0 billion. When liquidity isabove A$1.0 billion, the Board will use its discretion to consider a dividend payout in excess of the 40%threshold.
I am not expecting positive underlying free cash flow over the next 6 months, although that could change if TLEA resumes dividend payments.
New all time high, page-284
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