Seeing there will be no need for any major expenditure in the foreseeable future, any profit will be available for distribution.
I would imagine that a reasonably high percentage of the profit will be returned to shareholders, initially in the form of a return of capital then dividends when they can be franked after tax has been paid.
This plan for distribution was confirmed by Toby Chandler at the 2017 A.G.M.
Distribution per share will be generous as there are only about 115 million shares on issue.
Cash Flow Positive, page-70
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Last
71.0¢ |
Change
0.013(1.79%) |
Mkt cap ! $97.52M | |||
| Open | High | Low | Value | Volume |
| 69.5¢ | 71.0¢ | 68.0¢ | $85.28K | 123.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | 70.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 71.0¢ | 36137 | 2 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| SMN (ASX) Chart |