News: HGO Hillgrove Resources Updates To Rock Fall Which Occurred On 19 Dec 2018, page-27

The other possibility is to implement a DRP and then make the dividend payment subject to a minimum percentage take up. For example if they only had the cash for 4c but needed to pay out 8c to clear the franking credits then make it subject to a 60% DRP takeup. That would then distribute all the credits but reduce the amount of cash needed.

Of course this (and similar arrangements have 2 issues):
1. The number of shares issued (particularly at the current SP) would be huge
2. Any shareholder who has a marginal tax rate of 30% or above would be disadvantaged as they are converting capital into income
.