so if there was cash flow of around 7m for 6months to end dec23 and volumes are up around 30% (see ray white comments in AFR today) vs last year then there should be more than that run rate for the 5 months to end may24 - lets say at least 7m to be very conservative. the transactions costs look like they will be under 4m (see p10 of the deed) and they had 26.3m cash at end of dec23. the dividend available (assuming the need the net position to be above 23m) should be around 26.3+7-4-23=6.3m or around 4c per share. 64c all up for those who hold on.
MEA Price at posting:
59.0¢ Sentiment: Hold Disclosure: Held