DRC. You wouldn’t touch it with a 100 foot poll. Watch your largest shareholders (superfunds) come down on you like a ton of bricks for ESG practices. Child exploration and labour, you might fund billions in stock is dumped for such a move.
Look at OZL, copper. Or plenty of other lithium had beens around. Personally think copper is a safer bet, lithium might not be the future and it’s not a massive market at present. Maybe even S32. Or go international listed companies.
Or maybe the plan is just to extract massive dividends for now and keep gearing to acceptable levels... with no real material plan for expansions outside iron ore.
Ann: Dividend/Distribution - FMG, page-12
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$18.49 |
Change
0.390(2.15%) |
Mkt cap ! $56.93B | |||
| Open | High | Low | Value | Volume |
| $18.32 | $18.62 | $17.94 | $159.1M | 8.651M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 150 | $18.46 |
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| Price($) | Vol. | No. |
|---|---|---|
| $18.50 | 4305 | 5 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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