Medusa is building a huge cash pile too.In the second half of...

Medusa is building a huge cash pile too.
In the second half of 2020 we went from 47 million US to 79 million US.
By the end of June this year, cash balance should be north of $130 million AUD. With a market cap of only 195 million, we are getting close to fully backed by cash.
Remember too that the 5 cent dividend was less than 20% payout ratio. It is quite conceivable that we see a 10 cent dividend next half, or at least the 5 cent plus another 5-10 cent special, or share buy back.