So they should move to a 40% dividend payout ratio and use the remaining reserves to purchase an exiting upcoming project with LOM -10yrs plus and that will be operational in 2-3 yrs. And hopefully doesn’t have high CAPEX.
And I would suggest to management that they begin with an interim dividend this coming half results.
MGX Price at posting:
54.0¢ Sentiment: Buy Disclosure: Held
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