I don't believe the chinese economic data either.
But bisalloy just banked the FY19 $1.1m dividend as due ie dividend paid each year in november.
I can't remember the previous dividend but $1.1m represents an eps to bis of .024 cents.Imo considering bisalloys small financial investment into CJV,their basically 90% plus nvestment being the technology I think its a solid return.
Also,the shandong iron and steel did close due to covid for a couple of months,i believe that was in the 3rd quater of FY 19 ? so that must be taken into account also.
But as posted many times 'as long as the JV stays friendly' and if you believe bisalloy's announcement re next 10 year agreement they seem or suggest there are no issues.?
I don't believe the chinese economic data either.But bisalloy...
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