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
34.3¢ |
Change
0.008(2.24%) |
Mkt cap ! $233.2M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 34.5¢ | 33.5¢ | $435.7K | 1.279M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 329434 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 440542 | 28 |
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| Last trade - 15.39pm 29/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
