At the end of this quarter, SHE should be sitting on a cash...

At the end of this quarter, SHE should be sitting on a cash balance of approximately A$12m ($10.4 at 1st Jan, plus approx $1.6m Q1 FCF)

Allowing for the small capex announced for Canada (~ A$1m), and leaving a VERY healthy capital buffer for even more investments of $7m+, then SHE could theoretically allocate A$3.4m of the under-used cash to a fully-franked dividend (which is equivalent to 0.5c per share)

This would still leave more than enough cash to fund any of SHE's potential well investments, not to mention they would still have over $1m per quarter of cash from operations continuing to pour in which means the dividend would be fully covered within 12 months anyway. This is obviously after all admin & staff costs are paid, so I cannot see the downside for David to this (only upside in fact) and it should be strongly supported by the board in the interests of all shareholders.

Bring on the 0.5c divvie I say...!!