Solid FCF in Q2, $16M cash on hand and a gold price that is presently $30 above Q2 average would certainly warrant the board having a dividend discussion.
Would be pleasantly surprised to see a dividend for the 1H, but a couple of cents as a dividend for the full year might be more realistic?
Ultimately you'd think that it will mostly depend on the PoG. If it averages $1150 for 2H you'd think it would be difficult for MML to not issue some token dividend at the EOFY.
MML Price at posting:
40.5¢ Sentiment: Buy Disclosure: Held