AGO 0.00% 4.5¢ atlas iron limited

will ago increase their dividend, page-4

  1. 10,494 Posts.
    Hi pickup, I dont think Ago will pay dividend because every penny is required for expansion not to mention a few hundred millions may be payable to FMG for a rail deal that will benefit us infinitely more in derisking the stock and unlocking immense value so far nit factored by the market. I'd be very happy forgoing dividend for the next 12 months.

    Another reason is China loves playing games with rapid restocking and restocking to create mayhem on the spot price for a pointless exercise to show China can dictate the IO price (for a few weeks). In that kind of environment and volatility AGO would be prudent to cash up.
 
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