Ann: Quarterly Activities Report , page-8

The 2c was part of the acquisition.

I tend to agree there wont be any dividend in the near term. Senior Management has cash but at the risk of stereotyping, they dont want to spend it (operationally I mean). On the production side the stated aim is to grow production 2* in 3-5 years but that is the only way you will see growth in the SP so you are looking at a capital return rather than a dividend.

I think they will eventually double their production, good thing is with most shares off market with the Chinese parent there is scope for some good growth if sentiment turns their way. If they double production you would think the share price should follow it notwithstanding POG.

Looks like they may have lost the race for KB to SAR tho. A bit of a symptom of leaden footed senior management over wrought with beauracracy which has no place in a Company with a market cap of 125Mill. Im out but watching. 170k troy oz per year is still a tiny mining company regardless of how big the parent is.