Well I am looking forward to next quarterly report which shows they paid the crumbs and still end up with a cash balance nearing $200M. Iron ore price would have been strong during last quarter but really depends on how much they sold. I believe they have a habit of not selling enough when they should and selling too much when they shouldnt. But either way they still make good money at the moment.
Maybe a bonus divi is due, these guys are swimming in so much cash.
It does give comfort they would have at least 18c worth of cash in the coffers and the remainder 2c would easily be covered by creditors and inventory so if some people want to offload below 20c we can only thank them.
Dividend payment, page-7
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Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $266.1M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.8¢ | 23.0¢ | $388.3K | 1.673M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 650756 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 105687 | 4 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| GRR (ASX) Chart |