It may be an unpopular view, but I'd actually like them to hold off on the dividend. If these pellet prices hold then Southdown comes seriously into play and having a heap(!) of cash could be very beneficial.
I think being 100% reliant on a single asset is risky and will always drag the SP below true valuations.
Pellet Price, page-19
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Last
32.5¢ |
Change
0.010(3.17%) |
Mkt cap ! $364.5M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 32.5¢ | 31.0¢ | $329.9K | 1.045M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 85567 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 227339 | 18 |
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| Last trade - 12.37pm 31/07/2024 (20 minute delay) ? |
| GRR (ASX) Chart |