I don't think they'll wait until the debt is paid off to start the dividend flow as the company's market cap will rise significantly with revenue and the debt will get to a comfortable gearing ratio relatively quickly. The question is whether the company will see a significant de-risk occur once the EPA approvals and final equity is confirmed, or whether we'll need to get closer to first sales.
We should see a slow and steady rise over the next 12 months provided construction progress progresses in line with the budgets imo.
I don't think they'll wait until the debt is paid off to start...
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Last
24.0¢ |
Change
0.005(2.13%) |
Mkt cap ! $677.8M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.0¢ | 23.5¢ | $56.82K | 241.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 159954 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 397295 | 7 |
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| Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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Last
24.0¢ |
Change
0.005 ( 2.13 %) |
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| Open | High | Low | Volume | ||
| 23.5¢ | 24.0¢ | 23.5¢ | 82329 | ||
| Last updated 15.58pm 13/05/2024 ? | |||||
| BCI (ASX) Chart |