You forgot to include admin and capex costs into your calculations. Once you include those, PLS has negative cash flow for FY24. Given the continued deterioration in spod price and ongoing capex, they'd be crazy to pay a dividend with a dwindling pile of cash. Dale also said that a dividend was "unlikely" in the last call. I think that's the first time he's used that language. The writing is on the wall.
Spodumene Prices, page-4626
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$2.58 |
Change
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Mkt cap ! $7.769B | |||
| Open | High | Low | Value | Volume |
| $2.61 | $2.65 | $2.49 | $78.76M | 30.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 15582 | $2.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.58 | 36624 | 2 |
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| PLS (ASX) Chart |