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Hopefully it means they are going to pay dividends sooner than...

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Wooshka

259 Posts.

24

07/10/22

09:47

Post #: 64077793
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Originally posted by pastperformer: ↑

I don't understand why they need debt when they are producing as much cash as they are.

I understand that lithium prices could come down in the future, but they should already have generated another $700mil US of free cash by the end of this half year.

That means they will have 1.3bil U.S by year end in cash.

Im not in the corporate finance team, so what do I know I guess. Sure there is a reason I'm not aware of.

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Hopefully it means they are going to pay dividends sooner than expected.

AKE Price at posting: $14.29 Sentiment: Buy Disclosure: Held
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