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Okay so the P/E is 200 when price is about $2


Working backwards earnings is $2 / 200

therefore earnings is 0.01 (1c) where the hell is the dividend coming from if they are only earning 1c


Looks like the company is either paying dividends from retained earnings and if the business stays as is the likelyhood of the continuing these dividends seem  unlikely long term.


Or


The dividend is the result of sale of some parts of the business.


If the company is a mining company it could be the mine is finished production and they are just paying out shareholders cash the company has until it has no cash backing.


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