Dividend expections6 Dec 2018 16:14
I think we need to temper our expectations with regards to the dividend policy.
Bushveld is very much a growth company that has pledged at least $170m of investment in the next few years. I don't know how much extra is need to get to 10,000mpta, and all those electrolyte facilites are going to cost a lot of cash.
Whilst the vanadium price is high it's better we quickly upgrade to10,000mtp so that if it settles down around $75/KG then the market doesn't factor in it's "overvaluation. and gives us a decent P/E valuation.
Fortune has said he'll announce the policy soon, but not that the company will start paying it soon. My theory is that it will scale upwards with each milestone towards 10,000mtpa.
So I am guessing 1p per share at 3,750
2p at 5,000
6p at 10,000
Or something like that.