0.5c per share dividend, page-149

A dividend is not ideal

It has accumulated losses from many years prior, so it has no franking credits to attach to them.

Instead the company should launch a buyback program.

The amount it would need to spend on a buyback is minimal given the lack of liquidity, and it can't be used to move the share price up by more than 5% I believe, but it can be used to scoop up cheap shares from sale dumps as they occur every once in a while. It makes sense to accumulate back the shares from sellers for the duration that it remains valued less than its liquid assets backing. I think there would be strong shareholder support for that.

If the average volume traded per day is 1m shares, and assume it was SHE trading about 25% of this volume, which is a fair assumption, then we are looking at $4k per day, or $250k per quarter. This sort of boost in volume is within budget, very impactful to market support, and materially value accretive to existing holders (approx 10% of share capital outstanding over the year).