A year or two back the company set down a long term dividend formula at around 30% of profits. They paid the two 'super profit' half years (in separate tax years, which was good) and then departed from the formula last half year because lithium prices fell dramatically and managment donned its 'prudence' hat, which was fair enough. However the lithium pricing has now reached a reasonably stable level (as mineral price levels go - never very stable).
The point is, if we are now making a profit, no dividend would mean management has serious concerns about our future!!
A year or two back the company set down a long term dividend...
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