I tried to dig down and estimate a cost of the expansion but could only make a rough estimate however it came in a fair bit lower than $10m. How did you arrive at that number?
In any event, I think it is likely they’ll pull back on the current dividend of ~$1.5m a year for a time whilst their free cash flow is hampered by capex. Whilst not silly, this would shake out a lot of shareholders and might bring this to true value.
I tried to dig down and estimate a cost of the expansion but...
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$10.20 |
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| Open | High | Low | Value | Volume |
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