IGO 1.60% $5.54 igo limited

TLEA Dividends

  1. 73 Posts.
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    Earlier this week I read the article on Greenbushes Dividends paid to shareholders. By comparing this to the actual dividends paid to IGO through TLEA, it looks like we're potentially owed about 500m from Greenbushes, minus the costs of running Kwinana for the 2023 Calendar year.

    I wonder when (if at all) we'll see this catch up dividend payment. With the stabilisation and upturn in Li prices over the last few months there doesn't seem to be any reason for TLEA to be maintaining a higher than usual cash buffer.

    On a similar line of thought, given some of the recent off-market sales indicating that the Li prices will potentially move higher, should we expect a return to full production (and selling down stockpiles) in a shorter timeframe?


 
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