News: SMR Stanmore Coal Says Decided To Conduct Bonus Issue Of Shares To Eligible Shareholders, page-20

Is there anything to stop the BOD issuing a special dividend to unlock the franking credits that, I believe, they currently hold? I read something in the Oz to that effect. And have we heard from the other large shareholder who has over 10% and could stop the bid from being a compulsory mop up? Have heard nothing back from the FIRB on this. Next step: write to Frydenberg's office. Met coal is something that will be critical in the post corona environment due to the quality and quantity held in SMR's assets. It might be a bulk commodity but is still critical to our exporting future. And note: minimal dependence on China with this company. I might throw in a few lines as well telling him to hold the line on bailouts to companies that will be better served through the restructuring required by insolvency.