It's hard to say what the average pricing is going to be for the quarter, but PLS always seems to be on the wrong side of things when the price is coming down (and generally on the right side of things on the way up, as Dale has explained.
A 10c dividend would be a $300m dividend so that would be very unlikely, unless there is a change to the payout % currently indicated in the capital management plan. My estimated gross profit is $565m for the first half, less tax gets to around $400m. Then you have some overheads to take out of that. I would think the dividend will be closer to 5c which is a $150m payout which I'm happy enough with given the conditions.
The $1,325 pricing below is my estimate of $1,500 SC6 converted to SC 5.3. There is probably some upside here but I want to look at the worst case scenario. The shipping could also be over 165,000t given the 5th ship and left and probably 1 more before NY.
Spodumene Prices, page-3706
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$2.75 |
Change
-0.090(3.17%) |
Mkt cap ! $8.279B | |||
| Open | High | Low | Value | Volume |
| $2.83 | $2.83 | $2.74 | $55.00M | 19.77M |
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| No. | Vol. | Price($) |
|---|---|---|
| 28 | 281921 | $2.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.77 | 221281 | 8 |
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