Ann: Dividend/Distribution - BSE, page-19

I'm just wondering if the recent play by China at Sheffield (SFX) has influenced this decision by management.
Sheffield Resources and Yansteel execute a non-binding term sheet to form a 50:50 Joint Venture on the Thunderbird Mineral Sands Project and associated tenements (Project).
Sheffield completes a 9.9% placement to Yansteel for approximately A$12.9 million at approximately A$0.376 per share, a 131% premium to the Sheffield 10-day VWAP1 .
The cat is out of the bag, and a low share price with large amounts of cash sitting on the balance sheet is offering a tempting morsel to some large global player wanting to secure future supply. As has been said before. There is no better deterent to a takover than a high share price. We've seen many Aussie companies sold at fraction of their true long term value. Putting BSE on the yield radar should attract interest from income investors who would have never considered this stock.
Worse case scenario is that management come back to shareholders for a CR at a higher SP at some point in the future. Either way the winners are anyone who purchased in the recent sell off to 12-13c (or 4-5 years prior).