Very realistic scenario posted by Defabstar. 6-8 cents dividend is a real possibility in few years. I wonder why someone would trade short term and miss out replacing his/her holding.
I wonder how many people who sold in last surge ( 3 cents to 5.1) have replaced their holding when sp has been above 9 cents in recent times. For me it's always a very difficult thing to replace my holding at a higher price, that is why I don't sell & hold it long term.
Imagine if you hold 1 mil shares and dividend is 6-8 cents, that is almost a good second salary.
Everyone decided their own way of trading. I hold long term until divis flow.
CER Price at posting:
10.5¢ Sentiment: None Disclosure: Held