'Given the deterioration in the trading conditions and the Company’s ongoing consideration of funds transferability between the PRC and Australia, the Board has decided it is not in a position to pay a dividend.'
Would this sentence suggest that they are no longer trying to get funds out of China? Almost $55m in the bank. There is no reason they shouldn't be trying to pay 0.5c dividend at least. Only works out to be just over $2m, when company still made over $5m for the 6 months.
XPD Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held