If things continue to go to plan, in this our bonanza year, we should be debt free and flush with circa $40m of cash come december.
We are told that the expansion projects aren't capital intensive and we will be generating heaps of free cash in 2019 to pay for them.
Will the board return the lions share of the $40m knowing there's another $60m coming if they don't get the expansion off the ground, heaps more if they do.
A 6c fully franked dividend would require $34.2M. but I'm probably dreaming. That might be a bit too treating to their job security.
Annual General Meeting tomorrow, page-4
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