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.
It’s always better for a company to get well established before...
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $225.0M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.5¢ | $942.0K | 8.871M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 57 | 3628793 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 2326506 | 24 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| CXO (ASX) Chart |