It’s always better for a company to get well established before giving shareholders a piece of the pie so to speak.
Using that money to move into phase 2 and/or develop in another aspect of the companies growth will be much more financially rewarding for shareholders imo.
Personally I’d prefer a doubling of production over a 5% dividend payout.
CXO SP rerate is due soon, page-39
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9.3¢ |
Change
-0.005(5.10%) |
Mkt cap ! $198.7M | |||
| Open | High | Low | Value | Volume |
| 9.9¢ | 10.0¢ | 9.3¢ | $3.295M | 34.70M |
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| No. | Vol. | Price($) |
|---|---|---|
| 7 | 365887 | 9.3¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 9.4¢ | 883409 | 8 |
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| CXO (ASX) Chart |