I'd like to understand too. I reckon we're worth 8c share just...

I'd like to understand too. I reckon we're worth 8c share just for our cash. 5.5c divi would take us to 2.5c for our remaining cash. Surely our land & exploration is worth another $10M (with results to come). I'm looking at a valuation of around 4c after the divi. Still makes it a good buy here (IMO) assuming we get the ATO on board with the capital return. That leaves us 10c short of Aphids valuation, could it be exploration upside that is understated or yet to come? I'll let Aphid answer that!

I'm keen to know. With an average of 5.8c, and seeking some losses before tax year, I've got a decision to make before year end (assuming we get this divi before June 30).