i noticed they went with the low payout ratio of 50.1% to be conservative.
They are holding on to cash in order to explore, play safe as prices come down, and expand in a down time for prices.
This is sensible management and may lead to a massive payout of divvies if the Iron ore price trends up later in FY22
congrats to all, especially those who got in at single digits.
Potential divy, page-54
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Last
39.5¢ |
Change
0.010(2.60%) |
Mkt cap ! $274.3M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 39.5¢ | 38.0¢ | $607.3K | 1.561M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 69556 | 39.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 38158 | 3 |
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| FEX (ASX) Chart |