Good News & Bad News, page-43097

Based on our first half numbers (H1 FY24), we were "entitled" to a dividend of approximately A$0.03, but the BOD decided to hold the money, due to market conditions. As much as I like getting paid dividends, under the market conditions in early January, when that decision was made, I agreed with them, wholeheartedly.

Since spot prices for SC6, and, I would assume, PLS' financials, will look better in H2, which ends in just over a month, I would guesstimate that we would be "due" for a dividend in the A$0.05 range for H2.

PLS' BOD has been very conservative, so we might not see anything in the way of a year-end dividend. Personally, I'd like to see them give us whatever we've "earned" for H2, which I'm assuming will be approximately A$0.05, but I also think that the market would react well to us being paid our "full" year-end dividend of, assuming my numbers are accurate, A$0.08 (the amount we earn in H2 and the amount we were "due" in H1, but which they withheld).

I know we should have an idea of how Q4 went, and by extension, what our year end numbers SHOULD look like, but I believe we won't see our actual year end earnings statement until the last week in August, so it will be a while before we know who's dart hit the correct target.

Best regards,