Hi folks Its clear the seller is done for now and the last cross yesterday probably saw the remining shares change hands. I think they have been he cause of a fair bit of the market damage Given company policy to pay out 70% of ebit in dividends , even if divi was cut 30% , the fall in the AUD will mitigate this in AUD terms and the it would be safe to say the stock is trading at a forward yield of at least 15%-18%. The fact they are net cash and a good chunk of their opex is in salaries of which approx 50% is linked to performance I expect cash flow to remain very robust as the opex line will with the lower bonus levels
NGI Price at posting:
$1.29 Sentiment: Buy Disclosure: Held
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