With the dividend now finished from my POV this is a bet on Toliara, which is worth north of $2 in 3 years time and double that in 8 years.
If it's better than 5% chance of going ahead, or if you believe there's another strategy then it's value here; but without a catalyst, when is the right time to enter?
Ann: FY24 Half-Year Results, page-2
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