Well I think that shipment will add up to a million profit (before tax). Also we need to remember that another 1 million will be added from a repayment of the 5 million dollar loan.
So the bank balance ahould increase somewhere in the 1.5 to 2 million aud.
I am sure as we come up to July or August time the punters will come back into the company expecting a dividend announcement.
My feeling is if IO prices stay in this 110 to 120 per tonne I am think 3.0 to 3.5 cents is definately possible if they pay over 40% of the profits.
I looked at the number of issed shares. 1 cent dividend equals just under 7 million aud after tax profit.
So a 21 million aud dividend is definately doable.
Our first half profit after tax was around 22 to 23million.
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