The way I read it they have 46m in cash plus the 16.5m in other investments so total 62.5m, we've spent money on buyback and overheads etc but yet to revive the shipment cash for the first six months. Any divi is more likely to be 2cts which cost 11m and would only come after we get the shipment cash which if you look at tonnage shipped to date and deduct one third as guess for production costs may be very roughly 6m ish? Depending on tonnage of any late shipment in July, wild guess shoot me down if wrong.
NMT know the mine is now running at full tilt and the price has gone up 12% for the next six months ore, they will also know the estimated cash burn for the next six months so based on that could pay a 2ct divi if it's deemed affordable. We should know one way or the other after the shipment cash is banked, but they certainly won't spend 46m on divi, Loop.
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