There is no obligation to dividend all of the 2nd tranche or final tranche.
There is no commitment to a % of received cash to shareholders in this announcement.
They are (or were) explorers who can and should retain a decent % for future exploration.
They demonstrated they would hang onto AUD$10m from the first tranche.
Let the dust settle and in a year you will know what they really did once the Annual Report FY2025 is printed - that's where they will hide the details...
IDA Price at posting:
8.0¢ Sentiment: None Disclosure: Not Held
