LLL 0.00% 50.5¢ leo lithium limited

Dividend Policy, page-21

  1. 4,096 Posts.
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    PLS ruled out dividends until they were paying tax, so they could be fully franked, thus giving shareholders some tax relief.

    Leo probably won't pat tax in Australia - paying the 30% corporate rate in Mali, hence no franking credits.

    Also in Mali there is a 10% withholding tax for money taken out of the country.

    For the above reasons I can't see them paying any dividends any time soon, but would reinvest profits.
    If anything possibly a share buyback similar to what Qantas did/does when it has no franking credits.
 
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