In my experience as a long term holder,they will pay out between 50 -80% on the npat.
The numbers for this year are in and its highly likely we will get 65-70% (my guess)of the npat achieved.
The IO price has obviously headed south since June 30 and we will again get the stated % range as the next divvy h1 2025.
We have seen huge changes in the io price and some years will make make money than others.
We have nett debt last reported at 500mill which is FA,look at Tls for example.
The upside to decarb and potential of revenue through WAE,green fuels,Green iron ,etc has not vacated.
Still a bull ,although the next fin year might be tough.
Dyor,nfa
Gltah
Gordy
Iron ore price, page-53870
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