OK, let's say they pay back $50mill as a dividend. $50 mill / 497mill shares on issue =$0.10c per share or approx 3.9% yield @2.55. That leaves around $150-$200mill left. That can finance a hell of a lot of exploration and development, or they could buy almost any mid-tier producer/developer for cash.
Lot's of options... I would probably buy DCN just down the road, current MC is $339mill, a bargain really.
Takeover target?, page-8
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Last
35.0¢ |
Change
0.005(1.45%) |
Mkt cap ! $233.2M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 35.5¢ | 34.3¢ | $1.551M | 4.447M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 124478 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 272870 | 12 |
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| SBM (ASX) Chart |
