Agreed. No divi at this stage of the game. Having said that, very good chance of divi on the card from 2nd half of 2023 or from 2024 if all go to plan and market stay healthy.
The star performer got to be Mt Catlin for the short term, insane margin for the incoming June qtr 50,000 ton x circa $4,000 plus margin (in excess of US $ 200 m profit depending on the extent of discount for lesser grade product).
Just hope for similar result for another 2 to 3 qtrs - that will almost take care of all the capex for James Bay, Olaroz and SDV.
Not bad for an old fashion, revamped aging plant.
AKE Price at posting:
$13.52 Sentiment: Buy Disclosure: Held
