Does anyone think that if MML reduced their exploration and development costs by 20% or so and paid out a $5m - $10m dividend that it would send the share price through the roof?
I can't help but feel with a 3% - 5% dividend yield even a volatile company like MML would still see substantial money flow into it given that Aussie cash rates falling and cash isn't yielding what it once was.
Thoughts?
Will MML pay a dividend this year?, page-8
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