BCI 1.92% 25.5¢ bci minerals limited

NPAT up 10 times prior year. Dividend up 3 times prior year....

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    NPAT up 10 times prior year.
    Dividend up 3 times prior year.
    Dividend paid at bottom end of their range.
    They have $196m in the bank.

    Sadly BCI are behaving just like other miners that want to hoard cash and keep building new projects. Given the above data it looks like they are just begrudgingly paying the lowest possible dividends to their investors. They are now just like their peers in the mining industry when it comes to capital management. Thought for a while that they were really different.
 
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