Guys
Taking the rate of cash accretion at A2M even after the 287m for Mataura and 30 million for Victoria, there will still be nearly 900m in the bank in January and STILL NO DIVIDEND.
This is inexcusable for two reasons.
1. Shareholders have a right to the wealth which is sitting in the bank with negative real returns. This is neither efficient nor equitable.
2. Paying good dividends helps "derisk" the share price from short raids and sudden sales by professional investors because the running yield remains attractive and is a hedge against speculative short attacks.
I urge you all to write to the company demanding a dividend or a share buyback, both of which will enhance the capital value of the shares far quicker than the negative real returns from the bank.
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- By January probably 900m in the bank AFTER Mataura and still no dividend- inexcusable!
By January probably 900m in the bank AFTER Mataura and still no dividend- inexcusable!
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Last
$5.97 |
Change
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Mkt cap ! $4.315B |
Open | High | Low | Value | Volume |
$6.03 | $6.06 | $5.95 | $14.94M | 2.493M |
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No. | Vol. | Price($) |
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1 | 7385 | $5.96 |
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Price($) | Vol. | No. |
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$5.97 | 30482 | 4 |
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No. | Vol. | Price($) |
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1 | 7385 | 5.960 |
5 | 18252 | 5.950 |
2 | 12915 | 5.940 |
2 | 22805 | 5.930 |
3 | 19066 | 5.920 |
Price($) | Vol. | No. |
---|---|---|
5.970 | 30482 | 4 |
5.980 | 7255 | 1 |
5.990 | 8000 | 1 |
6.000 | 31171 | 10 |
6.010 | 8202 | 1 |
Last trade - 16.10pm 01/05/2024 (20 minute delay) ? |
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Last
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Change
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Last updated 15.59pm 01/05/2024 ? |
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