Well.........what a nice surprise........very timely to update...

Well.........what a nice surprise........very timely to update us before Christmas, I was only saying yesterday that I thought management may have run out of time, particularly at this busy time of the year and also bearing in mind the difficult conditions for mining(it must be hot out there!!!!) and the remedial works undertaken to address the geotechnical issues in the Cannon pit mentioned previously. So its a big thumbs up from me to all the crew of WGX slogging away out there and our management for keeping us up to date.
I am particularly encouraged by this statement;
"As flagged in previous ASX announcements, first cash flow by way of the maiden distribution from Cannon Mine to Southern Gold is expected by the end of the year and this timing is still on track for delivery. "
Once we receive that first payment from WGX , I believe that talks of a takeover will be put to rest, although it would still remain a possibility, it would seem less likely IMO
As far as a dividend is concerned this is my opinion FWIW;
Previous base case at Cannon(from Ann 6/9/2016)
Tonnes Mined, tonnes 479,000
Fully Diluted Head Grade, g/t Au 3.77
Mined Gold Ounces, koz Au 58.0
Life of Mine Recovery,% 86.3
Recovered Gold Ounces, koz Au 50.0
Total Cash Cost, incl Capex, A$ A$1,037
Gold Price Assumption, A$/oz A$1,500
Gold Price Assumption, A$/oz A$1,500
Net Profit (100% Basis) $23.2m
Net Profit to Southern Gold (50%) $11.6m

Anything above this base case could be put towards a dividend. I also think the share buy back is a great suggestion and believe that would be money well spent from my point of view.
I would be happier still to take any potential dividend in physical Cannon gold!!!!!
At the end of the day you could only hope that management will consult with shareholders on any possible dividend as I'm sure the money could be well spent on many other things that would increase shareholder value.
Anyway..........Merry Christmas to all..... and
Good luck to all of us