3c dividend on a 4.5c stock...

Need to be on the register September 9th, which means you need to be holding shares by the end of this week.

Yesterday's close was 2.5...add 3c and you get 5.5c.

Or another way of looking at it...

Support appears to be at 2c...add 3c and you get 5c.

But that's not all...the dividend is fully franked, meaning you get to keep it all, which adds a premium to the equation.

For me, this is attractive...even if I end up making a loss on the transaction...I can keep the dividend tax free and offset any losses against other winners.

Do the sums, you may be surprised.

Importantly, the shell after this will still have a cash backing of about .006 per share...add this to the going rate for a healthy ASX shell and you get a market cap post dividend of about $3.5 - $4m, which equates to something between 2.3c to 2.6c per share.

Also, if I were a betting man, I would be putting my money on NMB becoming the perfect vehicle for a new listing with a uranium flavour?

Worth some exposure in my opinion.

Cheers!