3c per share needs to be considered in the context of 50% more shares on issue. Increasing the dividend ahead of increased revenue would be an imprudent move considering capital requirements for McPhs and the debt repayment 'bullet'.
Given revenues next year will increase by Tropicana, how do you get to a 2 cent interim dividend?
Guidance for a soft quarter was already given at the last quarterly conference call. The clue is "as noted previously".
Shouldn't expectations be managed in advance? I don't get what the alternative would be here. We plan for some maintenance so expect less production. Is that an excuse or basic mine management??
RRL Price at posting:
$2.56 Sentiment: Buy Disclosure: Held
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