Hi, the reply you received about the 25% dividend pay out ratio...

Hi, the reply you received about the 25% dividend pay out ratio is just repeating the existing company policy. If a official change to policy was going to be made it would have to be announced to the market usually before the open of business so everyone in theory knows what is going on. At the current iron ore price for pellets it would seem that GRR will have more than enough money to give another 10cent a share dividend in August with plenty left over to put in the bank. They probably do not want to rise expectations. No harm in a company having a big bank account on hand, the only danger is it gets spent on some dumb project. The safest place for a companies excess profits is in the shareholders hands in my opinion. A good day for GRR holders, looking forward to the dividend!

Good Luck