I suspect it will add 6 months time to the recovery timeframe for SSM - mid to late 2023 assuming no further significant blowouts, impairments etc.. I was expecting late 2023 anyway but could be an uncomfortable day tomorrow since the market may take a short term view in this economic climate, and may wonder whether there are more blowouts to come. Or it could already be baked into the share price which seems fair value even considering the blowout. The payment of the dividend builds some confidence that this is a one off and that debt is more than manageable. I wouldn't see any other reason to pay it if that were not the case.
SSM Price at posting:
59.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)