Todays ARU announcement that (KEXIM ) the import-export bank of Korea approval of US$150 million debt financing brings ARU imminent FID closer confirming confidence in CTP's dividend paying capacity. Nolans project adds new $20 million new recurring income for CTP. Board should move quickly now to revise its attitude to dividends and initiate 1c dividend December 2024 followed by similat pay JULY 2025. In absence of evidence of a change next move by shareholders is lodge 249D and AGM 2024 Salary Strike. Move now Board.
CTP Price at posting:
5.3¢ Sentiment: None Disclosure: Held
