questions for c. cairns, page-71

Mick
If you want to "wish " for a 1c or 2c unfranked dividend x 844 mill shares ( $16.9 mill payout ), thats your wish and prerogative .
But my wish and prerogative is that :
*Igr pays off debt at the Boards' indicated rate
*Igr reduces hedging at the Boards' indicated levels
*Igr pursues its $23 mill exploration Budget for the current financial year , as the Board has set .
*Igr ensures the Underground development gets up and running at Maxwells , the Salt Creek Mine continues to perform , the overall Resources and Reserves increases to a ensure a 7 to 10 year mine life as per the time frame set by the Board .
*Igr delivers on the above , and doesn't consider another immediate capital raising , as endorsed by the Board ( save and except for an exceptional acquisition opportunity )
*Igr ensures , by implementing the above , that it has a takeover defence to any unwarranted and "opportunistic" merger or acquisition price that might be under consideration by a predator .
* Igr receives the continuing price elevation in gold without a tearaway $A price ---but that one , the Board can only predict but can't control.

If that all happens in 12 months ...and in the future we become a Newcrest , or maybe even a Troy at a lesser end of the scale , then I will be delighted to receive a dividend .
For every 10c capital appreciation of each IGR share , the market cap of IGR increases by $84 mill ....and currently , we will get that by exploration results , a performing Plant , and delivery of Plant performance and Budget expectations and Resource and Reserve increases , not dividends , as you seem to require to meet your personal IGR expectations .
Just in my humble opinion ---
regards