Ann: Dividend/Distribution - GRR, page-176

Crickets .. zero communication from the board.

Complete and utter disregard to shareholders from the board - if this has not made it clear to you, nothing will. There is a reason the board barely hold any stock. They get elected and rewarded by shagang to answer the master with 1 single priority - ensure IO production is not disrupted so that china can deplete all of our natural resources.

I personally did not think more than 2c div is necessary, infact 2c half yearly is more than many companies in asx give. But I definitely expected communication around growth. Not paying higher div and not communicating concrete plan is proof that shareholders are just necessary evil to keep FIRB off the back of this chinese company. Sold most of mine at 82c bought back some at 62c before div announcement - what a train wreck this company is.